Why Intel Stock Was Sliding Today

Shares of the chip stock fell after it revealed a wide loss in its foundry unit.Shares of Intel (INTC -7.20%) were moving lower today after the chipmaker revealed in a filing that it's losing billions of dollars in its foundry business.Intel had not previously disclosed those losses in such detail, and the update showed significant challenges in a business that many believe could be a growth opportunity for the company.As of 11:12 a.m. ET, the stock was down 6.7% on the news. Intel's foundry won't be its sa ...