In 2024, Intel stock saw a significant decrease of 38.13% but has managed to remain above $30 since May 2024 despite falling after an earnings report. Intel is focusing on improving its Arc GPU for desktop gaming, which is expected to increase its market share amid competition from Nvidia and AMD in the high-end markets.
Rumors that Amazon’s Alexa may start charging $10 or more caused a 1.6% increase in AMZN stock prices, which are currently at $189.08, at a bearish multiple high. To avoid selling pressure, the stock must break above $190.
On the other hand, AT&T saw a 4.13% increase in stock prices, unlike its spin-off Warner Bros. Discovery, which has faced a year-to-date loss of nearly 37%. AT&T, with a 6.08% dividend yield, no longer has growth pressures worrying income investors. Meanwhile, WBD has been facing losses despite making executive hires.
Cisco Systems experienced a bearish trend reversal as the bears pulled out. The announcement of a cybersecurity center in Taiwan in June 2024 did little to change the fundamentals of the company. The risks of CSCO benefiting from a temporary bounce from a low point are considered high.
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https://www.baystreet.ca/stockstowatch/18309/Mondays-Most-Active-Stocks-Intel-Amazon-ATT-and-Cisco-Systems