Intel (INTC), the world’s largest chipmaker, has recently suffered. After the previous four quarterly earnings reports, Intel’s stock has fallen. Today’s stock price is worth $58.19, however, in April it held nearly at $64. With new management in place, some investors may be wondering if it is worth purchasing INTC stock today.
AMD, Who Will Benefit?”/>Intel was the world’s top semiconductor supplier by revenue in 2020, according to research company Gartner, but times have changed since then. In the March quarter, Intel achieved adjusted earnings of $1.39 per share on sales of $19.67 billion. Intel’s earnings were projected to be $1.15 per share on $17.86 billion in revenue, according to analysts.
On March 23, Intel announced that it has made substantial progress in developing its 7-nanometer chips, while AMD is gaining market dominance in PC and server CPUs by utilizing Taiwan Semiconductor’s superior technological nodes. Apple is going to its own CPUs, while Microsoft is building its own chips for data center servers, causing INTEL stock to plummet.
Finance and Tech Contributor