2024-06-02 07:00:00 ET
Shares in Intel (NASDAQ: INTC) tumbled 30% over the last three months. The company has faced a series of challenges, including the aftermath of poor market conditions, heavy investment in a new venture, and losing market share in central processing units (CPUs).
But recent earnings and a shift in its business model could represent a turning point for the chipmaker. After years of losing out to rivals Advanced Micro Devices and Nvidia , Intel is restructuring its business to focus on manufacturing and the budding artificial intelligence (AI) sector.
As a result, a recent stock dip could be the perfect time to make a long-term investment in Intel's future and potentially profit from its comeback.
For further details see:
Intel Stock Just Plunged. Is Now the Time to Invest?