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Why Intel Popped, but AMD and Nvidia Dropped Today
It’s Jan. 5 and at long last, the 2022 Consumer Electronics Show (CES 2022) is underway in Las Vegas. As chipmakers demo their wares today, shares of Intel (NASDAQ: INTC) (a “featured exhibitor” at CES 2022) are enjoying a nice 2.4% pop in afternoon trading, as of 2:22 p.m. ET. In contrast, Intel rivals Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) are moving in the opposite direction — down 4.3% and 4.6%, respectively.
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