HSBC downgraded the rating of semiconductor company Intel, stating that the re-rating of its stock is &#34;unsustainable.&#34;
&#34;Intel recently announced three transactions that led to a significant upgrade of its stock rating: SoftBank invested $2 billion, the U.S. government invested $11.1 billion to acquire a 9.9% stake, and NVIDIA invested $5 billion to acquire (approximately) a 4% stake,&#34; analyst Frank Lee wrote in a report to clients

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HSBC downgraded the rating of semiconductor company Intel, stating that the re-rating of its stock is "unsustainable." "Intel recently announced three transactions that led to a significant upgrade of its stock rating: SoftBank invested $2 billion, the U.S. government invested $11.1 billion to acquire a 9.9% stake, and NVIDIA invested $5 billion to acquire (approximately) a 4% stake," analyst Frank Lee wrote in a report to clients

HSBC: Intel's stock rally this year is unsustainable