Here's Why Intel's Stock Sunk Thursday

Key TakeawaysIntel shares moved lower amid concerns about the company's progress on new semiconductor fabrication plants in Germany.The uncertainties about Intel's German facilities came as chipmaking rival TSMC broke ground on its fabrication plant in Dresden.In contrast with industry peers whose stocks have been lifted by AI hopes, Intel shares are down nearly 60% in 2024. Intel (INTC) shares sank 6.1% on Thursday following reports that the semiconductor giant's progress on constructing two new chip fabri ...