Is it time to buy Intel shares?
@koolgal:
🌟🌟🌟$Intel(INTC)$ shares fell 1.8% today and in the past 5 trading days, Intel has dropped 13%. Intel is now down by 20% year todate. However it was up 16% in 2023. Intel shares fell 4% in extended trading last Tuesday after it revealed its financial results for its Semiconductor Manufacturing business called foundry business in an SEC filing. Intel said that its foundry business recorded an operating loss of USD 7 billion in 2023 on sales of USD 18.9 billion. That is a wider loss than the USD 5.2 billion Intel reported in its foundry business in 2022 on USD 27.5 billion in sales. This is the first time that Intel has disclosed revenue totals for its foundry business alone. Historica