Reported about 15 hours ago
Intel's stock, which recently declined due to disappointing financial outlooks, may find a new catalyst in an upcoming keynote address by CEO Lip-Bu Tan, expected to unveil potential partnerships related to their Foundry business. Despite a drop in foundry revenue and widening losses, investors are hopeful for strategic moves including possible sales or spinoffs. Analysts remain cautious, predicting a slow turnaround for the company while emphasizing the importance of cost-cutting initiatives.
Source: YAHOO