U.S. Chips Act beneficiaryIntel Corp's(NASDAQ:INTC) crisis appears to be worse than expected, as companies ranging fromNvidia Corp(NASDAQ:NVDA) and smaller rivals, erstwhile partners likeMicrosoft Corp(NASDAQ:MSFT) rush to nab Intel's market share that is critical for its profitability.
Intel stock plunged 58% in the last 12 months as it failed to capitalize on the budding market of new kinds of computing and new applications for chips, the Wall Street Journal cited Doug O'Laughlin of SemiAnalysis.
Advanced Micro Devices, Inc (NASDAQ:AMD) surpassed Intel's data center chip revenue in the last...
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