Reported about 1 month ago
Intel is facing significant challenges as its stock hovers near record lows amidst intense competition from Nvidia and AMD. Goldman Sachs analyst Toshiya Hari describes the company's situation as an 'uphill battle' to regain technological ground, particularly in AI chip production, after missing crucial sales and profit estimates. Intel has suspended its long-standing dividend, announced substantial layoffs, and is undergoing a major restructuring, raising concerns about its future recovery and competitiveness in the tech landscape.
Source: YAHOO