INTC Stock Alert: What to Know as the Chip Wars Rock Intel Shares Today

Intel (NASDAQ:INTC) stock fell 5% overnight after the chipmaker reported a $7 billion loss for its foundry business. The chip company has been trying to “re-shore” manufacturing to the U.S., but it has suffered several setbacks.INTC stock was selling for $41.40 per share before the market opened, its market cap falling below $176 billion. As of this writing, it is currently down 6.5% for the day.Gelsinger’s LawIntel CEO Pat Gelsinger made a huge bet on chip manufacturing when he returned to the company in 2 ...