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Intel shares fall 8.1% amid rising oil prices and AI spending concerns

The Motley Fool +1 ·

INTC Intel Corp
$85.49 -8.04%
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  1. 1On Thursday, October 22, Intel shares recorded an 8.1% decline.
  2. 2Brent crude prices rose, surpassing $112 per barrel.
  3. 3Rising oil prices and concerns over AI spending are weighing on chip stocks.

So what's the key point?

Intel shares fell by 8.1%. Semiconductor stocks are struggling as oil prices rise and there are concerns about high spending on artificial intelligence.

Source The Motley Fool +1 · View original ↗

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