Wins on Merit But Not on Price.

(Prices not seen since 2013 lows) $20.42
Pat Gelsinger, chief executive officer
Lowest price in a decade (2013)
Miss on earnings (June quarter)
Employee layoffs
Fallen way behind its rivals in the AI battle.
Competitors, AMD, Qualcomm.
Nvidia icutting-edge chips declined along with STMicroelectronics and Infineon.s the subject of a U.S. Department of Justice antitrust investigation.
Job cuts will mainly take place this year at Intel
Asian Stocks related decline, Samsung and TSMC closed lower.
European chip firm ASML also dropping.
Cutting-edge chips declined along with STMicroelectronics and Infineon.
Samsung rival SK Hynix supplies U.S. giant Nvidia, SK Hynix fell sharply to close more than 10% lower

Announced Massive Restructuring.
Intel won't pay its dividend in the fiscal fourth quarter of 2024
lowered forecast for full-year capital expenditures over 20%.
lay off 15% of employees. Part of a $10 billion cost-reduction plan.

Earnings information
$1.61 billion net loss after reporting net income of $1.48
Adjusted earnings per share of 2 cents fell short of the average analyst estimate of 10 cents, according to LSEG. Revenue also missed expectations.