Chip stocks have soared in 2024 thanks to optimism surrounding artificial intelligence (AI).
A common thread among successful businesses is solid leadership, but what makes a good leader one year may be outdated the next. With artificial intelligence pushing the workplace to evolve at a more rapid pace, it's only natural that leadership, too, is getting a refresh.
Intel informed investors that the second half of 2024 will not be as lucrative as initially expected.
Intel has underperformed the stock market and the semiconductor sector for decades. It has fallen behind fabless companies in chip design and TSMC in manufacturing.
Arm Holdings PLC (NASDAQ: ARM) is emerging as a formidable contender in the server chip market, with the potential to disrupt the dominance of Intel and Advanced Micro Devices (AMD).
Intel recently announced mass layoffs of 15,000 jobs amid losses in Q2. Shareholders are claiming in a lawsuit that Intel didn't do enough to warn investors.
Intel Corp. shares are down 38% over the past five sessions, and declines of that magnitude can sometimes prompt upgrades from analysts who see a buying opportunity in the weakness.
Intel Corporation's Q2 earnings report has led me to reassess the odds of the success of its turnaround plan. A successful turnaround requires sound fundamental economics and financial resources. Intel's Q2 results and, more importantly, FWD guidance have led me to question both.
Intel was sued on Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, and prompted the Silicon Valley chipmaker to suspend its dividend and to plan cutting its workforce by 15%.
The chip maker could grab some of Intel's market share, analysts say.
The company is facing multiple challenges on various fronts.
For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different.