Intel's wild week leaves Wall Street more uncertain than ever about chipmaker's future
Publishing timestamp: 2024-09-21 12:00:01
Summary
Intel had a rollercoaster week starting with a critical board meeting and ending with reports of a potential acquisition by Qualcomm. The company is struggling with market share losses and is investing heavily in chip manufacturing. Despite a 11% rise in shares, Intel's value is still down 56% for the year. CEO Pat Gelsinger is facing challenges in reviving the company, with a focus on its foundry business and core PC and server chips. The company is also aiming to secure external customers for its foundry and has received support from the U.S. government. However, Intel's future remains uncertain as it navigates through various hurdles in the semiconductor industry.
Sentiment: MIXED
Tickers: NVDA, MSFT, QCOM, AMD, INTC, TSM, AMZN,
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