Intel Corporation is trading 6.0% down today at $107.77 following reports that Nvidia is entering the Windows PC processor market to compete directly with Intel's core CPU business.
- Nvidia’s high-profile move into Windows PCs with its own processors poses a significant competitive threat to the market dominance currently held by Intel Corporation and AMD.
- The stock is experiencing a sharp multi-day pullback from recent highs, further weighed down by profit-taking after a strong year-to-date performance.