Intel NASDAQ: INTC has had a terrible 2024, to say the least. The company's shares are down 61% year-to-date, driven largely by a massive earnings miss in August.
Intel might need to rightsize its business. It's reportedly mulling a spinoff or sale of its foundry division.
Intel has struggled for some time now and could be kicked out of the Dow. Nvidia is a logical replacement as the world's largest semiconductor company.
Analysts' price targets can change often and drastically impact the implied upside for a stock. When a stock suddenly falls in value, it can look like a great buy based on its price targets.
The Dow Jones Industrial Average has evolved from an index comprised of a dozen predominantly industrial stocks in the late 19th century to one that now houses 30 diverse, multinational businesses. Semiconductor giant Intel's fall from grace makes it a good candidate to be removed from the iconic Dow.
Intel begins trimming down its business to a manageable size as it eyes selling a part of its stake in the autonomous vehicle company MobilEye.
The U.S. added 142,000 jobs in August, which missed Wall Street's forecast for 160,000. Investors are worried that the economy could be headed for recession.
Qualcomm (QCOM) shares fell following a report that the company has looked into buying segments of Intel (INTC), potentially including its PC chip design business.
Shares of MobilEye Global (MBLY) slumped Friday after reports that Intel (INTC) is considering selling off some of its stake as part of the chipmaker's effort to improve its financial position.
Shares of MobilEye Global (MBLY) slumped Friday after reports that Intel (INTC) is considering selling off some of its stake as part of the chipmaker's effort to improve its financial position.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) is reportedly looking at buying parts of Intel Corp (NASDAQ:INTC, ETR:INL), including its chip design business, according to Reuters. Sources cited by Reuters said the semiconductor and software firm was looking at parts of Intel in order to boost its own product portfolio.
Qualcomm is eyeing Intel's design business segment to bolster its product offerings after the company ventured into making processors for computers.