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Intel Stock Is Down 60% This Year. Here's Why I'm in No Rush to Buy More Shares.

By Neil Rozenbaum – Aug 7, 2024 at 8:50AM

The company is facing multiple challenges on various fronts.

In today's video, I will talk about Intel (INTC +3.29%), the issues the company is facing, and when I will buy more shares.

*Stock prices used were from the trading day of Aug. 6, 2024. The video was published on Aug. 7, 2024.

Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2025 $45 calls on Intel and short August 2024 $35 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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