Intel Faces Stock Plunge and Challenges: Navigating the Turbulent Semiconductor Landscape
Intel’s stock dropped over 12% after a disappointing Q1 forecast, despite better-than-expected Q4 earnings. This forecast fell short of expectations with only 13 cents per share on projected sales, causing Wall Street to cut price targets and downgrade ratings. Intel faces inventory corrections and strong competition in its data-center business, yet remains optimistic about rebounding through strategic partnerships and growth in 2024. The company’s future amidst semiconductor industry shifts is closely watched by investors and analysts.