Why Did Intel Stock Drop Today?
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Intel's stock dropped 3.3% after reports of a shift in its foundry business plan, potentially ceasing the marketing of its 1.8-nm chipmaking process to outside customers. The company may focus on the 1.4-nm process while continuing in-house development of 1.8-nm chips. Analysts predict this change could lead to significant write-offs, impacting Intel's financials. Despite its large valuation and cash reserves, the company faces challenges in returning to profitability, leading to cautious recommendations on its stock.
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