Sorry, Intel Doesn't Deserve the Benefit of the Doubt
INTCIntel(INTC) The Motley Fool·2024-09-04 19:45

Talk of "exploring strategic options" drove a relief rally in the chipmaker's stock, but nothing has changed about its business.Intel (INTC -8.80%) shares popped by 9.5% on Friday after Bloomberg reported that the chipmaker was considering strategic options after the stock's collapse on a second-quarter earnings report that fell short of expectations.Its shares plunged by 26% on Aug. 2 after the company posted disappointing results, gave an underwhelming forecast, eliminated its dividend, and announced a re ...