Wells Fargo retrograde Intel on weak demand in 2019 and AMD competition



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A participant wears a Genius VR headset at the Intel booth at the CES 2019 Consumer Electronics Show, which will be held January 10, 2019 at the Las Vegas Convention Center in Las Vegas, Nevada.

Robyn Beck | AFP | Getty Images

A participant wears a Genius VR headset at the Intel booth at the CES 2019 Consumer Electronics Show, which will be held January 10, 2019 at the Las Vegas Convention Center in Las Vegas, Nevada.

Wells Fargo lowered its rating of Intel 's shares to the market, after outperforming on Friday, citing weakening demand in 2019 badociated with growing competition from Advanced Micro Devices.

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