PARAGUAY - 2024/08/03: In this photo illustration, the Intel Corporation logo is displayed on a ... [+] smartphone screen. (Photo Illustration by Jaque Silva/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesIntel stock (NASDAQ: INTC) has dropped 35% over the past month and is down almost 60% year-to-date. In contrast, its competitor AMD has gained around 10% this year. Currently trading at about $20, Intel’s stock is at its lowest point in over a decade. Last month’s decline ...

Core Insights - Intel's stock has declined nearly 60% since the start of 2024, with a significant single-day drop of 26% earlier this month, contrasting sharply with the performance of peers like Micron Technology, Nvidia, and Applied Materials, which have seen gains of 21%, 161%, and 25% respectively [1][2] - The company has faced challenges in maintaining its leadership in the global chip market, resulting in a drop in market share and a 34% decrease in revenue per share and a 54% decrease in earnings per share over the last twelve months compared to fiscal 2021 [2] - Despite management's turnaround plans, the resignation of a board member has raised investor concerns, although a modest recovery in revenues to $59 billion and an estimated EPS of $1.34 for FY2024 is anticipated [2] Financial Performance - Intel's stock performance has been volatile, with returns of 6% in 2021, -47% in 2022, and 95% in 2023, underperforming the S&P 500 in 2021 and 2022 [3] - The Trefis High Quality Portfolio has consistently outperformed the S&P 500, indicating that individual semiconductor stocks, including Intel, have struggled to deliver stable returns [3] Future Outlook - Intel expects revenues to remain stable in Q3 FY2024, with potential losses at the operating level, but anticipates a turnaround in Q4, which is typically a strong quarter for the company [3] - Successful implementation of cost optimization initiatives will be crucial for Intel's recovery and return to its fair value level, estimated at $30 compared to the current stock price of around $20 [2][3]

AI stocks lost momentum Monday as key geopolitical risk factors were put in the spotlight.Artificial intelligence (AI) stocks slid Monday due to geopolitical risk factors. Intel's (INTC -2.00%), Broadcom's (AVGO -4.05%), and Arm's (ARM -4.96%) share prices ended the daily session down 2%, 4.1%, and 5%, respectively, according to data from S&P Global Market Intelligence. Meanwhile, Nvidia ended the day down 2.3%, and Micron fell 3.8%.Semiconductor investors were hit with bearish news on multiple geopolitical ...

Chipmaker Intel Corporation INTC has had a rough couple of years with the stock underperforming the technology sector and major stock market indexes. The stock has also underperformed since it joined the Dow Jones Industrial Average a quarter-century ago.What Happened: Intel made history, alongside Microsoft Corporation MSFT, back on Nov. 1, 1999, when the two technology stocks were the first Nasdaq-listed stocks to join the Dow Jones Industrial Average.The two stocks joined the well-known market index alon ...

Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn around the struggling chipmaker. While Intel has faced activist pressure in the past, no new campaign has been formally launched and it isn't clear if an activist investor has been in contact with the company's board. Morgan Stanley has previously worked with Intel, including in the company's 2022 spinoff of Mobileye. Th ...

Is the Federal Reserve about to give Intel a much-needed helping hand?Intel (INTC 1.76%) stock is gaining ground Friday. The company's share price was up 2.9% as of noon ET, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 index was up 1%.Intel stock is climbing thanks to comments from Federal Reserve chairman Jerome Powell suggesting that the central banking authority will cut interest rates soon. In addition to being a bullish catalyst for the stock market overall, rate cuts w ...

Key TakeawaysIntel shares moved lower amid concerns about the company's progress on new semiconductor fabrication plants in Germany.The uncertainties about Intel's German facilities came as chipmaking rival TSMC broke ground on its fabrication plant in Dresden.In contrast with industry peers whose stocks have been lifted by AI hopes, Intel shares are down nearly 60% in 2024. Intel (INTC) shares sank 6.1% on Thursday following reports that the semiconductor giant's progress on constructing two new chip fabri ...

Down 60% year to date, does Intel have what it takes to capitalize on AI opportunities and deliver big wins for investors?Intel (INTC -6.12%) stock suffered another day of sell-offs Thursday. The chip company's share price ended the daily session down 6.1%, according to data from S&P Global Market Intelligence.Intel lost ground again as investors weighed the possibility that the company will not proceed with the construction of two semiconductor fabrication plants in Germany. Nothing has been officially ann ...

ToplineWall Street got cold feet Thursday ahead of a key speech from Federal Reserve Chairman Jerome Powell, with major indexes registering their worst days in weeks. Slow your roll: The S&P 500 came within 0.5% of its all-time high Thursday morning before turning ... [+] negative.Getty Images Key FactsThe blue chip Dow Jones Industrial Average fell 0.4%, or 164 points, the benchmark S&P 500 declined 0.9% and the tech-heavy Nasdaq Composite lost 1.7%. It’s the S&P and Nasdaq’s steepest daily losses since A ...

Is Intel getting ready to announce bad news about its European chip fab strategy?Intel (INTC -3.39%) stock is retreating again in Thursday's trading. The semiconductor company's share price was down 3.9% as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence.Concerns are mounting about the future of Intel's new chip fabrication plant in Germany. DigiTimes and Fortune magazine published separate reports today indicating that the construction of the manufacturing facility may be in doubt. ...