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Intel's stock did something it hasn't done since 2022


Published on 2024-12-11 17:21:05 - USA Today
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  • However, after taking a close look at Intel's price movement, there could be some reasons to believe the stock is positioned for a rebound. Below, I'm going to explore something that Intel's stock hasn't done since 2022 and make the case for why I'm cautiously optimistic that better days could be in store for the chipmaker.

The article from USA Today discusses the performance of Intel's stock since 2022, highlighting the company's challenges and strategic shifts. Intel, once a dominant force in the semiconductor industry, has faced significant hurdles including delays in product launches, competition from rivals like AMD and NVIDIA, and broader market shifts towards AI and cloud computing. Despite these issues, Intel has initiated a turnaround plan under CEO Pat Gelsinger, focusing on regaining manufacturing leadership, expanding into new markets like automotive and IoT, and investing heavily in new factories. The stock has experienced volatility, with a notable decline in 2022 due to poor earnings and market concerns, but there are signs of recovery as Intel's strategic moves begin to show promise, with investors cautiously optimistic about its future prospects.

Read the Full USA Today Article at:
[ https://www.usatoday.com/story/money/2024/12/11/intel-stock-since-2022/76794976007/ ]