Why Intel Stock Pulled Back Today

A new export restriction dinged the stock.Shares of Intel (INTC -2.90%) were sliding today after the U.S. revoked the company's license to sell chips to Huawei, the latest escalation in the ongoing tech cold war between the U.S. and China.As of 12:48 p.m. ET on Wednesday, Intel stock was down 2.9% on the news. The government giveth to Intel and the government taketh awayA big part of the bull case on Intel these days is that the company is set to get billions of dollars from the government to build new semi ...