Intel Q2: Cost Reduction Amid Sluggish Growth
INTCIntel(INTC) Seeking Alpha·2024-08-03 00:16

hapabapa Intel (NASDAQ:INTC) released its Q2 results on August 1st, revealing disappointing performance along with job cuts and a dividend suspension. I highlighted my 'Sell' thesis in my previous coverage published in April 2024, arguing Intel's GPU technology is lagging at least one process node behind Nvidia (NVDA). Since April 2024, the stock price has dropped by more than 35%. I believe Intel is unlikely to catch up with its rivals, and the cost reduction plan further indicates the company faces signif ...