Buying stocks at multiyear lows can potentially set investors up for some big gains if the companies turn things around. Oftentimes, however, there are considerable risks to consider with these types of investments.
Republican Senator Rick Scott on Wednesday asked Intel CEO Pat Gelsinger for more details on the company's plans to cut more than 15,000 jobs despite being set to receive nearly $20 billion in U.S. grants and loans to boost chip production.
Sell-offs for Nvidia stock are impacting valuations for Intel and other chip companies. Expectations are high heading into Nvidia's Q2 report, and investors are showing signs of nervousness.
Intel stock fell earlier this month after the company reported slowing growth and poor margins. Is this dip a near-term buying opportunity or the start of a longer-term decline for the company?
A lackluster financial performance has led to the suspension of Intel's dividend and a major layoff. Intel stock sells far under its book value.
Intel stock (NASDAQ: INTC) has dropped 35% over the past month and is down almost 60% year-to-date. In contrast, its competitor AMD has gained around 10% this year.
The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the U.S. company's bloated workforce, risk-averse culture and lagging artificial intelligence strategy, according to three sources familiar with the matter.
Intel (NASDAQ: INTC) stock has nosedived almost 60% since the beginning of the year - a period that also saw the company's worst single-day decline of 26% at the beginning of this month. In sharp contrast, the company's peers in the semiconductor industry Micron Technology (NASDAQ: MU), up 21%, Nvidia (NASDAQ: NVDA), up 161%, and Applied Materials (NASDAQ: AMAT), up 25%, have comfortably outperformed the wider market.
A Chinese military aircraft entered into Japanese airspace this morning. Poland also reported that a Russian aircraft had entered its airspace.
CNBC's Joe Kernen reports on the latest news.
24/7 Wall St. Insights Intel Corp. (NASDAQ: INTC) has hired a premier investment banker to prevent a takeover by activist investors.
Chipmaker Intel Corporation INTC has had a rough couple of years with the stock underperforming the technology sector and major stock market indexes. The stock has also underperformed since it joined the Dow Jones Industrial Average a quarter-century ago.