Intel's Stock Price Just Plunged. Is Now the Time to Invest?

Shares of the chipmaker just fell on multibillion-dollar foundry losses.Intel (INTC -2.57%) had its big coming-out party on Tuesday, but the chip stock didn't get the reception it expected.The company recast its financials to reflect that it sees its foundry as much more central to its business. However, investors were disappointed by the actual numbers, and share prices fell 8% on the news. Intel's restated financials showed that its foundry division had a $7 billion operating loss in 2023, which followed ...