Why Intel Stock Slumped on Tuesday

Shares of Intel (INTC -4.88%) tumbled to kick off the new year, falling as much as 5.6%. As of 3:35 p.m. ET, the stock was down 5.19%.Part of what dragged the semiconductor company down was the stock market's broader decline to start the year. A Wall Street analyst also added fuel to the fire. Despite issuing a higher price target, the analyst doesn't view Intel as one of a select group of "attractive" chip stocks.Less downside for IntelStifel analyst Tore Svanberg maintained a hold rating on Intel, though ...