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Intel Continues to See Revenue Declines. Can the Stock Rebound?


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Published in Business and Finance on by MSN   Print publication without navigation

Intel's (NASDAQ: INTC) fourth-quarter results topped analysts' expectations but also showed a company that continues to struggle to find its footing. Its revenues once again declined, and it delayed an important chip launch.

Intel Corporation has been experiencing a continuous decline in revenue, with a notable 15% drop in the first quarter of 2024, following a 36% decrease in the previous quarter. This downturn is attributed to several factors including a weak PC market, loss of market share to competitors like AMD, and delays in new product launches. Despite these challenges, there are signs of potential recovery. Intel's CEO, Pat Gelsinger, has outlined a strategic roadmap focusing on regaining manufacturing leadership, expanding into new markets like AI and automotive, and improving gross margins. The company is also investing heavily in new manufacturing facilities in the U.S. and Europe, aiming to reduce dependency on external foundries. Analysts are cautiously optimistic, suggesting that while Intel's stock might rebound if these strategies succeed, the immediate future remains uncertain due to ongoing market dynamics and competition.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/intel-continues-to-see-revenue-declines-can-the-stock-rebound/ar-AA1yHBJY ]

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