🔥🔥$Intel(INTC)$ the great stock is dead. This largest American chipmaker of yesteryear has lost its way. Once a dominant force in the semiconductor world and the most valuable U.S. chip company, has seen its lead slip away, outpaced by competitors following a series of blunders. Intel has a 133% year-over-year decline in earnings per share. Revenue also took a significant hit, dropping nearly 36% to $11.7 billion. Intel recently layoff 17,500 employees- over 15% of its workforc- to reverse the losses in its semiconductor manufacturing division. Intel will continue job cuts till the end of this year. So far this year, Intel’s market capitalization has plummeted by more than 50%, so is my money burnt! Thanks @Tiger_comments Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
