Reported 2 months ago
Intel's stock price dropped 3.8% on Friday, continuing its significant downturn as the company announced the postponement of its Intel Innovation conference until 2025. This news follows disappointing second-quarter results and a decision to lay off 15% of its workforce as part of a cost-cutting plan. With the stock down 42% in the past month and 61% year-to-date, investor confidence has wavered amid growing competitive pressures and uncertainties about its future in the AI sector.
Source: YAHOO