Why Intel Stock Sank Today
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Intel's stock fell 2.9% on Tuesday, influenced by insights from its Vision 2025 event led by new CEO Lip-Bu Tan. Despite no major negative news, investors were disappointed by the lack of plans to sell the foundry business, which has been a significant loss area. Tan aims to implement cultural changes and compete with AI chip rivals like Nvidia. Despite the drop, Intel's stock is up 10% for 2025, driven by Tan's appointment and potential divestitures. More details on the foundry unit are expected later this month.
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