Why Intel's Foundry May Be Set For A Comeback
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Intel's stock has dropped over 55% this year, trading at around $21 per share. The decline is attributed to market share losses in the CPU space and a shift towards AI-focused GPU chips. However, the main issue is Intel's struggling foundry business.
December 16, 2024 | 11:15 am
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Intel's stock has seen a significant decline due to market share losses in CPUs and a shift towards AI GPUs, with the foundry business being a major concern.
Intel's stock decline is primarily due to its loss of market share in the CPU space and the industry's pivot towards AI-focused GPU chips. The foundry business, which is a significant part of Intel's operations, is also underperforming, contributing to the stock's negative outlook.
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