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Why Intel Stock Keeps Falling
IntelIntel(US:INTC) The Motley Foolยท2024-04-05 15:24

Intel's big new gamble on making chips for its competitors is foundering.Shares of beleaguered semiconductor giant Intel (INTC -2.88%) tumbled for a fourth straight day on Friday, falling 2.3% through 10:15 a.m. ET as investors continue to digest the news that Intel lost $7 billion building semiconductor chips for its competitors last year. And Wall Street isn't helping matters much.Adding insult to injury, this morning, investment bank Bernstein commented that there is "no real reason to [own Intel stock] ...