Intel stock has plummeted 60% due to weak results, leading to a risky and likely further decline.

From NASDAQ MarketSite: 2024-09-01 05:50:00

Intel’s shares have plummeted 60% in 2024, hitting investors hard following weak Q2 results, dividend suspension, and layoffs. Intel lags behind AMD in key markets like AI-enabled PCs and server CPUs. With dwindling revenue and poor guidance, Intel’s expensive valuation makes it a risky investment, likely to fall further in the coming year. Investors may want to consider other semiconductor opportunities.



Read more at NASDAQ MarketSite: Where Will Intel Stock Be in 1 Year?