Beware! The Pain Has Only Just Begun for Intel Stock
Sometimes, you just have to let go of a thesis when it’s proven wrong. Stubborn investors might try to average down on microprocessor manufacturer Intel (NASDAQ: INTC ) stock. That’s not a wise move to make, though, as even the company’s management had to acknowledge challenging market conditions. If you’re only in it for the dividend payouts, don’t assume that Intel’s distributions will be your saving grace. It’s such a shame to witness the deterioration of a once-mighty chipmaking giant. Intel used to be a headline grabber, but few folks are truly excited about this year’s “Innovation” conference . That’s because Intel has lost its mojo, its competitive edge. Other chipmakers, both domestically and abroad, have taken the mantle of market leader from Intel. This lackluster performance is reflected in the share price, which has been cut in half this year. How much worse can it get? The evidence says: much, much worse. INTC Intel $27.58 The Dreadful Price Action of INTC Stock Every time people tried to “buy the dip” with INTC stock this year, they ended up disappointed.
Beware! The Pain Has Only Just Begun for Intel Stock
Sometimes, you just have to let go of a thesis when it’s proven wrong. Stubborn investors might try to average down on microprocessor manufacturer Intel (NASDAQ: INTC ) stock. That’s not a wise move to make, though, as even the company’s management had to acknowledge challenging market conditions. If you’re only in it for the dividend payouts, don’t assume that Intel’s distributions will be your saving grace. It’s such a shame to witness the deterioration of a once-mighty chipmaking giant. Intel used to be a headline grabber, but few folks are truly excited about this year’s “Innovation” conference . That’s because Intel has lost its mojo, its competitive edge. Other chipmakers, both domestically and abroad, have taken the mantle of market leader from Intel. This lackluster performance is reflected in the share price, which has been cut in half this year. How much worse can it get? The evidence says: much, much worse. INTC Intel $27.58 The Dreadful Price Action of INTC Stock Every time people tried to “buy the dip” with INTC stock this year, they ended up disappointed.