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The semiconductor industry is experiencing a massive surge in demand as artificial intelligence (AI) is booming at a rapid pace. At the same time, chip-making companies are engaged in a competitive race to reach their peak performance.
However, amid the recent market correction, several semiconductor stocks have nosedived, losing significant market value. In particular, Intel (INTC) is facing the toughest time in its history, shedding more than 47% from its mid-July highs. Ugly Q2 earnings led the company to cut dividends and reduce jobs, and a Moody's downgrade is weighing on the stock again today. Meanwhile, rivals are seizing the opportunity to advance their positions, aiming to capitalize on Intel's setbacks by enhancing their market share and technological edge.
