Is Intel Stock Done Going Down?
Intel's stock will enter 2025 in the penalty box, with an uncertain timeline for when it may return to the rink.Shares of Intel have plunged 60% year to date, badly lagging the 29% advance for the Nasdaq Composite . Meanwhile, shares of rival chip player Nvidia have surged 173% this year as the company takes a wide lead on artificial intelligence chip innovation compared to Intel and AMD . AMD's stock is down 17% this year."I think to some extent they [the stock] can still go down, but I think most of it is priced in," Manhattan Venture Partners head of research Santosh Rao said on Yahoo Finance's Morning Brief . "They really missed the boat. I think the chips have evolved, and they still stayed with the original compute business, but now it's more about training and AI and inferencing and all the other areas ... so they need to catch on on that side. It's going to take a while.". To be sure, 2024 was not a stellar year for the storied chip giant.Intel's fourth quarter sales dropped
