While many high-tech companies saw their market capitalization drop following the introduction of President Trump's administration import duties, Intel suffered more than many others as its stock price and market capitalization declined to a 16-year low. Intel, which has suffered technological and financial challenges in the recent quarters, now faces uncertainties with demand and now potentially higher costs.
Intel's closed at $18.13 on Tuesday, down 7.36% and hitting its lowest close since July 2009, according to SeekingAlpha. The company's market capitalization is now at $79.06 billion, also the lowest since July, 2009, after the company faced the steepest drop in demand for its CPUs and other products ever. It remains to be seen what the future holds for Intel as it now faces the challenges associated with the new import tariffs set by the U.S. administration.
