54
Bank of America downgrades Intel, says 'biggest risk' remains unresolved

Bank of America downgrades Intel, says 'biggest risk' remains unresolved

5 years ago
Anonymous $RBasgWKaIV

https://www.cnbc.com/2018/07/27/bank-of-america-downgrades-intel-biggest-risk-remains-unresolved.html

Bank of America Merrill Lynch downgraded shares of Intel on Friday to "neutral" from "buy" after second-quarter results left what the firm's analysts call the chipmaker's "biggest risk" unresolved.

Intel's earnings revealed that its 10-nanometer chip production process would arrive in the second half of next year, meaning its next generations products would be delayed a year, arriving in by the holiday season of 2019. Intel has been facing pressure from competitors as Intel seeks to get to these products as soon as possible.