Why Intel Stock Slumped on Friday

Key Points Nvidia agreed to invest $5 billion in Intel stock yesterday. Intel's biggest problem is fixing its foundry business. And Citigroup thinks Intel will fail. 10 stocks we like better than Intel › Intel (NASDAQ: INTC) stock skyrocketed yesterday on news archrival Nvidia (NASDAQ: NVDA) will invest $5 billion in Intel, and help its former rival "develop AI infrastructure and personal computing products" -- with Nvidia technology inside. Most investors seem confident that this event marks a tu ...