/Intel%20Corp_%20Santa%20Clara%20campus-by%20jejim%20via%20Shutterstock.jpg)
Intel (INTC) is one of the worst-performing semiconductor stocks of 2024. INTC stock has dropped more than 61% year-to-date and is trading near its 52-week low, significantly underperforming the benchmark S&P 500 Index ($SPX).
Several factors contributed to Intel’s downward spiral. Intel struggled to keep pace in its core server and client CPU markets. Competitors with better-performing products seized market share, leaving Intel trailing. Further, significant losses in its foundry business weighed heavily on its overall performance.
