Intel: Jump The Ship While You Can
INTCIntel(INTC) Seeking Alpha·2024-08-03 20:43

georgeclerk/E+ via Getty Images Sinking shipwreck. That's how you could describe Intel Corporation (NASDAQ:INTC) following the disastrous Q2 earnings report. The company has reported underwhelming performance, badly missing the analysts' expectations and issuing a weak Q3 guidance, despite hopes of turnaround starting to materialize in 2024. Following the report, Intel's stock price is set to wipe out over $30B market cap, setting it for the worst sell-off since 2000 following the suspension of its attra ...