Why Intel Stock Fell 60% in 2024
Shares of (NASDAQ: INTC) plunged 60.1% lower in 2024, according to data from S&P Global Market Intelligence. The semiconductor veteran ran into many issues last year, and the string of bad luck started many years ago. Complicating the picture even further, Intel is in the middle of an ambitious, costly, and difficult strategy shift.
Intel's business performance was a mixed bag in 2024. The company missed the analyst community's revenue and earnings targets as often as it exceeded them, and the upcoming fourth-quarter report will probably show far weaker results than the year-ago quarter.
The reasons behind Intel's financial weakness are not simple. Sector rival Nvidia (NASDAQ: NVDA) is running away with the juiciest chip-supply deals in the booming artificial intelligence (AI) market. Longtime underdog Advanced Micro Devices (NASDAQ: AMD) has earned a historically large slice of important opportunities, such as server-grade chips and PC processors.
Source Fool.com
Intel Corp. Stock
Currently there is a rather negative sentiment for Intel Corp. with 14 Buy predictions and 18 Sell predictions..
This results in a negative potential of -28.68% based on a current price of 32.25 € and a target price of 23 € for the stock.
