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Santa Clara-based Intel Corporation (INTC) leads the global semiconductor industry with a market cap of $135.5 billion. It specializes in designing and manufacturing a wide range of computing and related products, including microprocessors, chipsets, and advanced driver assistance systems (ADAS) for autonomous driving.
Intel stock has considerably underperformed the broader market over the past 52 weeks. INTC has surged 10.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.5%. In 2024, shares of Intel are down 36.7%, compared to SPX's 11.2% gains on a YTD basis.