The biggest maker of computer processors in the world, Intel, is one of only six companies in the tech-heavy benchmark whose shares have gone down since June 16. The index, on the other hand, is up 21%. This is because traders are buying up beaten-down tech stocks because their prices are lower and they think inflation is going down.
The slow performance is the latest sign that investors are still hesitant to back Chief Executive Officer Pat Gelsinger's 18-month-long plan to improve Intel Corporation (NASDAQ: INTC)'s ability to make chips. Even though a lower forecast for ...
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Intel Falls Behind as Chip Stocks Rebound