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Valued at a market cap of $85 billion, Intel (INTC) stock is down nearly 40% in the last 12 months. Intel has also grossly underperformed the broader market over the past decade as the chip maker continues to lose market share to peers such as Nvidia (NVDA) and Advanced Micro Devices (AMD).
Investors will be looking closely at Intel’s Q1 results, scheduled to be released on April 24. However, an even more important event will be the company’s Foundry Day presentation on April 29. Let’s see why.