Intel (INTC) stock has managed to hold steady above $30 after experiencing a 38.13% loss in 2024. The company saw a sharp decline in May 2024 following its quarterly earnings report, but has found support since then. Intel is focusing on improving its Arc GPU for desktop gaming, which is expected to help increase its market share as it competes with Nvidia (NVDA) and AMD (AMD) in the high-end markets.
On the other hand, Amazon (AMZN) saw a 1.6% increase in its stock price after rumors surfaced that the company may start charging customers $10 or more for its money-losing Alexa service. At $189.08, AMZN stock is currently at a bearish multiple high and needs to break above $190 to avoid selling pressure.
AT&T (T) had a positive week, gaining 4.13% as concerns about growth pressures on their core business eased. The stock also offers a dividend yield of 6.08%. In contrast, Warner Bros. Discovery (WBD) stock has seen a nearly 37% loss year-to-date without any significant negative news.
Cisco Systems (CSCO) experienced a bearish trend reversal as investors pulled out, despite the announcement of a new cybersecurity center in Taiwan on June 19, 2024. The company may see a temporary bounce from the bottom, but the risks remain high.
In summary, Intel stock has stabilized above $30 after a significant loss, while Amazon, AT&T, and Warner Bros. Discovery have all seen mixed performance. Cisco Systems is facing challenges despite recent announcements. The market remains uncertain as investors navigate through various developments in these tech and telecommunications companies.
Article Source
http://www.baystreet.ca/articles/stockstowatch/98690/Mondays-Most-Active-Stocks-Intel-Amazon-ATT-and-Cisco-Systems