Intel Corporation (INTC) Stock Prediction & Analysis: New CEO Acknowledges Past Failures as Stock Slides
TLDR:
- Intel stock fell 3% Tuesday, pushing below its 50-day moving average with poor IBD ratings
- New CEO Lip-Bu Tan acknowledged Intel’s innovation struggles in his first public comments
- Intel has begun “risk production” on its new 18A chip-manufacturing process
- Intel’s foundry business posted a $13.4 billion operating loss in 2024
- Reports suggest TSMC may take control of Intel’s foundry business, though Tan supports continuing the strategy
Intel Corporation has faced challenges recently, with its stock tumbling nearly 3% on Tuesday. This decline pushed the once-dominant chip manufacturer below its 50-day moving average.
The company’s position in the semiconductor industry has weakened substantially. Intel,…
