Intel Stock Just Got Crushed. Here Are 3 Reasons It Could Go Even Lower.
INTCIntel(INTC) The Motley Fool·2024-08-07 18:44

This is what a broken company looks like.If there were a trifecta for terrible earnings reports, Intel (INTC -1.39%) would have just won it.The blue chip tech stock missed estimates in its second-quarter earnings report, offered guidance below expectations, eliminated its dividend, and announced a round of layoffs and cost cuts.Any of those news items on its own would have been enough to send the stock spiraling, but all four at once show a company in utter disarray, one that can't meet its own forecasts, m ...