
Intel Corp. (NASDAQ:INTC) stock has had a rough ride in 2024 so far, falling by over 56% year-to-date.
The reason? The world's leading chipmaker has fallen behind the curve, ceding ground to rivals like Advanced Micro Devices Inc. (NASDAQ:AMD), Nvidia Corp. (NASDAQ:NVDA) and failing to even catch up to Qualcomm Inc. (NASDAQ:QCOM) on the smartphone side of things.