Reported 2 months ago
Intel's recent earnings report has led to a drastic decline in its stock price, dropping 26% after the company missed estimates, cut its dividend, and announced layoffs. Analysts believe that Intel's ambitious long-term goals are increasingly unrealistic, its potential removal from the Dow Jones could further damage its reputation, and the current environment may hinder its ability to attract and retain top talent. As a result, investors are advised to explore other opportunities in the chip sector.
Source: YAHOO