Intel’s Big Decline May Only Grow Worse
Intel’s (INTC) steep sell-off may not be over. The stock has already fallen sharply since reporting second-quarter results. The company once again disappointed investors by announcing another delay in its 7nm chipset, and also issued weaker than expected third guidance.
As a result, analysts have been cutting their earnings and revenue forecast for the company. Meanwhile, options traders appear to be making massive bets that Intel’s stock continues its freefall. This, as the shares, break criti…
