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Why Intel Stock Tanked on Wednesday

Intel's foundry business had a substantial operating loss in 2023 and is expected to worsen in 2024.

By Jose Najarro – Apr 4, 2024 at 10:19AM EST

In today's video, I discuss recent updates impacting Intel (INTC 0.27%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of April 3, 2024. The video was published on April 4, 2024.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has no position in any of the stocks mentioned. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short May 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Intel Stock Quote
Intel
NASDAQ: INTC
$120.29
(-0.27%)-$0.32

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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