Intel Stock Dips After CES Event

At its CES 2022 press conference, Intel $Intel (INTC.US)$ promoted the latest versions of its 12th generation Intel Core series processors for notebook and desktop PCs. Intel also disclosed that it has begun shipping its Intel Arc discrete graphics chips.

Intel's Mobileye unit announced its new EyeQ Ultra system-on-a-chip for autonomous vehicles. Plus, Mobileye revealed expanded relationships with major automakers, including Ford $Ford Motor (F.US)$ and Volkswagen (VWAGY).

But like AMD $Advanced Micro Devices (AMD.US)$ stock and Nvidia stock, Intel stock fell Tuesday. Intel ended the trading session down a fraction to 53.14.

Part of the content is taken from Investor's Business Daily.