Intel Eyes Foundry Sale: Is This the Solution to Its Stock Woes?

Intel TodayINTCIntel$18.89 -0.51 (-2.63%) 52-Week Range$18.64▼$51.28Dividend Yield2.65%P/E Ratio19.68Price Target$32.04Add to WatchlistIntel NASDAQ: INTC has had a terrible 2024, to say the least. The company’s shares are down 61% year-to-date, driven largely by a massive earnings miss in August. Criticism has been laid on the company’s CEO, Patrick Gelsinger, who has failed to maintain Intel’s dominant position in the semiconductor space. Meanwhile, other chip designers like NVIDIA NASDAQ: NVDA have succee ...