Declines for Microsoft (NASDAQ: MSFT) and ZoomInfo Technologies (NASDAQ: ZI) followed comments from stock analysts that called into question whether bullish sentiment is justified for these two tech stocks in 2023. Shares of Microsoft finished the session down 4.5%. The tech giant had to deal with negative comments from a prominent financial institution, with much of their focus pointing to what has previously been a high-growth area for Microsoft. Read More...
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With Its Stock Near a 52-Week Low, Is Intel a Buy?
On January 2021, Intel (NASDAQ: INTC) elevated Pat Gelsinger to become the new chief executive officer after the company’s board ousted the previous CEO, Bob Swan, due to many botched decisions and manufacturing setbacks. Between the chip industry sinking into a cyclical downturn and competitors eating away at its market share, Intel had a disastrous 2022. Investors have soured on the stock, as Intel’s two most significant revenue-generating segments, the client computing group (CCG) and datacenter and AI group (DCAI), have deteriorated significantly in 2022.
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