Intel's Stock Drops 9%. Are They Struggling to Remain Relevant?

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By EditorDavidApr 27, 2024, 11:34 am220 ptsTop
"Intel used to dominate the U.S. chip industry," writes CNBC. But now "it's struggling to stay relevant." Intel's long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 9% on Friday to their lowest level of the year.…

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