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While the broader Dow Jones Industrial Average ($DOWI) is trading at all-time highs, semiconductor giant Intel (INTC) is trailing the broader markets by a wide margin. The tech stock is down 70% from all-time highs after falling close to 58% in 2024.
Valued at a market cap of $88.4 billion, let’s see if underperforming Intel stock is a good buy following its foundry spin-off plans.