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Why Intel Stock Fell 60% in 2024
INTCIntel(INTC) The Motley Fool·2025-01-16 04:27

Intel faced fierce competition and strategic shifts last year. Is the company poised for a comeback in the near future?Shares of Intel (INTC 2.37%) 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 rough rideIntel's business performance was a mi ...