With a tenuous ceasefire between Israel and Iran still in place, Wall Street's attention is shifting toward the other contentious geopolitical issue: frayed relations between the U.S. and China. Earlier this year, President Donald Trump sent shockwaves across the global community by launching a series of tariffs, which continues to cloud trade relations. However, the administration has also signaled an unwillingness to rock the boat unnecessarily, which may bode well for chipmaker Intel Corp (NASDAQ:INTC).
Presently, Intel occupies an unenviable position. While INTC stock may be up nearly 12% — and thus handily beating the benchmark Nasdaq Composite, which is up only 4% during the same frame — this performance can't overlook the broader volatility. Over the past 52 weeks, INTC slipped roughly 27%, reflecting the consequences of various missteps and competitive pressures.
