When former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996, the idea that Intel might face risks was purely theoretical. At that time, Intel was the world’s largest producer of computer chips, dominating the PC market. However, the company failed to anticipate and adapt to the major technology waves of mobile computing and AI that defined the past decade and a half.
Intel's stock hit its all-time high in 2000 and has since plummeted by 68%. Recent layoffs and a loss of its spot in the Dow Jones Industrial Average to Nvidia have further highlighted Intel's decline. The retirement of CEO Pat Gelsinger, who failed to revive the company, has left investors questioning Intel's ability to regain its industry-leading position.
