Why Intel Stock Was Sliding Today
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Intel's stock fell 3.3% amid a broader semiconductor sector sell-off, triggered by ASML's disappointing 2025 forecast. ASML's report highlighted a slower-than-expected recovery in foundry demand, impacting Intel's ambitions in the foundry market. Despite a recent partnership with AMD and a deal with Amazon for AI chip production, Intel faces significant challenges, including a restructuring plan that involves layoffs and ongoing losses in its foundry division. The outlook remains uncertain as macroeconomic factors could further hinder Intel's recovery efforts.
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