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Why Intel Stock Was Sliding Again Today


Published on 2024-12-05 23:31:05 - The Motley Fool
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  • Shares of Intel ( INTC -4.64%) continued to retreat today after an initial pop following the exit of CEO Pat Gelsinger. Intel added new members to its board this morning, but a picture of a chaotic search for a new CEO is emerging as well. As a result, the stock was down 4.3% as of 11:15 a.m. ET.

The article from The Motley Fool discusses the reasons behind Intel's stock decline on December 5, 2024. Intel's shares fell after the company provided a disappointing revenue forecast for the upcoming quarter, projecting a significant drop due to weaker demand for its chips in the PC and data center markets. Additionally, Intel announced delays in its manufacturing process upgrades, which further dented investor confidence. The company also faced increased competition from rivals like AMD and Nvidia, who are making strides in AI and data center technologies. These factors combined to create a negative outlook for Intel, leading to a sell-off in its stock.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/05/why-intel-stock-was-sliding-again-today/ ]