Reported 2 months ago
Intel stock experienced a dramatic drop of 6.4% on Monday, reaching a 10-year low amid a broader market pullback linked to risks from carry trades associated with the Japanese yen. This downturn followed a disappointing Q2 report, signaling deeper structural issues within the company, prompting a restructuring and layoffs. Analysts suggest that despite efforts to turn around, Intel faces significant challenges in a competitive landscape dominated by AI and data centers.
Source: YAHOO