Intel Corporation faced its most challenging month in over twenty years, enduring a drastic drop in share value exceeding 30% throughout April. This downturn represents the most significant decline since June 2002.
Despite these formidable obstacles, forecasts suggest potential revenue growth for Intel in 2024. This positive outlook follows a disheartening projection for the company’s factory operations earlier in the same month.
Analysts maintain a skeptical stance on Intel’s ability to stage a turnaround. They rank the company as one of the least favored stocks within the chip industry, with fewer than one-fourth of analysts recommending it as a buy.
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