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Intel (INTC), once the leader in the global chip industry, is navigating turbulent waters. The company is battling various challenges, including declining revenue, fierce competition, diminishing market share, and squeezed profit margins. Furthermore, Intel has yet to capitalize on artificial intelligence (AI)-driven growth opportunities, which has compounded its woes. These issues have resulted in a significant downturn in its stock price and stalled growth.
Over the past year alone, Intel’s stock has plummeted by 53%, significantly underperforming the broader market. In response to this financial underperformance and market share loss, Intel’s board initiated a comprehensive business review aimed at implementing a turnaround strategy. Moreover, it led the company to part ways with former CEO Pat Gelsinger.
