Intel Corp. (INTC) slips after downgrade by Morgan Stanley

Intel Corp. (NASDAQ: INTC), a leading company from semiconductors segment, started with a gap-down opening by shedding over 4.5% in initial hour, after Morgan Stanley downgraded its outlook in Intel Corp. (INTC) to cautious, on account of rising inventories.

Intel Corp. (INTC) stock, pegged at $18.41 was trading just a short distance above its 200 days moving average of $18.3.

Apart from Intel Corp. (INTC) stock, the brokerage house has advised a cautious outlook for entire semiconductor segment.