On Fri, INTC fell -7.89% to close at $92.32, despite a strong Q2 earnings. What's wrong?
Based on Wall Street, INTC fell becos of rampant AI jitters and mirrors other tech giants eg. GOOG, META.
Investors are increasingly uncomfortable with growing AI spending & want to see how the high outlays will generate revenue.
In the AI-race, is INTC stuck in the same "damned if you do, damned if you don't" situation ?
That is if INTC don't invest (like in the past), it will be made redundant 'automatically'. However if invests, investors are overtly concern and flee.
Agree ?
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