Can Intel be rescued? Analysts review embattled tech stock before earnings
Icarus had a legendary moment flying high toward the sun with wings crafted by brilliance, until the heat melted the wax, sending him crashing into the sea.
Like Icarus, Intel (INTC) once soared in the tech world, propelled by groundbreaking innovations like the x86 series of microprocessors. But overconfidence and missed steps in a rapidly evolving industry have caused its wings to falter.
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Intel’s decline can be traced back to several costly missteps over the years. In the mid-2000s, the company famously passed on the chance to develop the chip for Apple’s iPhone, paving the way for rivals like Qualcomm to dominate the mobile market.
