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The news was anticipated after Nvidia split its stock in June, but it nonetheless marks the end of an era for Intel, which has been part of the Dow for 25 years. As of 11:16 a.m. ET, shares of ...
Intel has been a Dow component since 1999, so the move will bring its 25-year run to an end. Shares of the chip stock sold off on the news, falling 1.8% in the after-hours session.
Intel's stock price rose more than 3% when markets opened on Monday. Frank Yeary, Intel's chair, thanked Gelsinger and said the company needed to restore investor confidence.
Intel's fourth quarter sales dropped 6% year over year to $13.3 billion. The quarterly net loss tallied $0.46 a share, worse than the $0.03 per share loss logged a year earlier.
Intel has recently become a takeover target, and shares of the company are down more than 50% for the year. Meanwhile, the S&P 500 is up 26%. Meanwhile, the S&P 500 is up 26%. Intel stock was ...
That included an 8% decline in Intel’s Client Computing Group, which sells chips for PCs; a 20% drop in Data Center and AI revenue; and a 31% decrease in Network and Edge sales.
The Israeli–Palestinian conflict is an ongoing military and political conflict about land and self-determination within the territory of the former Mandatory Palestine. [26] [27] [28] Key aspects of the conflict include the Israeli occupation of the West Bank and Gaza Strip, the status of Jerusalem, Israeli settlements, borders, security, water rights, [29] the permit regime, Palestinian ...
Intel is in crisis.The company forced out CEO Pat Gelsinger on Monday, its stock price is down more than 50% on the year, and the grand plan to add third-party semiconductor manufacturing to its ...