Why Intel Stock Tanked on Wednesday


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

In today’s video, I discuss recent updates impacting Intel (INTC 0.73%). 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.

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.

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