Shares of Intel Corp. INTC, -3.43% sank 2.5% Monday, enough to pace the Dow Jones Industrial Average's DJIA, -0.49% premarket decliners, after a Bloomberg report that Apple Inc. AAPL, +1.23% was planning a series of new semiconductors aimed at outperforming Intel's fastest chips. Apple's new chips, to be used in its Mac laptops, are expected to be introduced as early as 2021, the Bloomberg report said. Apple's stock edged up 0.1% ahead of the open. Last month, Apple unveiled its new Mac lineup that featured custom chips it made itself instead of by traditional chip maker's like Intel. Intel's stock has lost 13.1% year to date through Friday, while Apple shares have run up 66.5% and the Dow has gained 5.9%.
The Link LonkDecember 07, 2020 at 07:08PM
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Intel's stock falls to pace the Dow's early losers after report of Apple's plan for new faster chips - MarketWatch
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