Intel: Despite AI Boom, INTC is Down 54% in the Last 5 Years
Although the tech sector has been booming because of AI demand, not all tech companies have benefited. Among them is Intel, with INTC falling as much as 54% over the last 5 years. Indeed, the firm has not been able to capture the growing market share dominated by companies like Nvidia (NVDA) and Microsoft (MSFT). Since its Q2 earnings report released earlier this year, things have been downhill for the chipmaker. However, its continued volatility has many traders intrigued about the potential for the stock in the future. With a potential sale on the horizon, there is the potential for a bounce back. Source: Reuters Also Read: Intel Eyes Sale of $17B Altera Business as INTC Gets Boost Intel Has Pourous 5-Year Stretch, Despite Technology Stock Interest Rising In 2017, Intel (INTC) infamously passed on investing in OpenAI. The move would certainly haunt the chipmaker, as the company would go on to create the immensely popular generative AI chatbot, ChatGPT. Moreover, it would usher in a n...