Intel shares slump 26% as turnaround struggle deepens

By X-blogger - on August 5, 2024
Intel Stock Daily Chart with Moving Average Multiple Indicator

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position. The company lost more than $30 billion in market value

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