Intel stock tumbles as Dow status questioned

When Intel moved all of their small contract jobs from small businesses in Portland and Seattle and gave them all to InfoSys that was the beginning of the end.<p>They spoiled their ecosystem by themselves.<p>Also they have so many tax exemptions in Oregon that are hurting the state and its schools. They are still a major employer with 20K people but 15-20% of them will be fired in the coming month.

Companies can’t build data centers fast enough, and Intel is losing money? Blockchain hype and AI hype should have provided record profits, no? An ice cream store in the desert should make money. Why can’t Intel?

Intel doesn’t have an answer for ARM (including Apple Silicon), and NVIDIA in traditional desktop and portable computing form factors much less phones and tablets.<p>Not to mention a high performance intel chip today requires liquid cooling. That was a niche product for enthusiasts going more mainstream simply due to intel failing to innovate out of this situation.

Poor Pat Gelsinger is left holding the ball.<p>The decline started with previous CEOs, who not only missed infamous big pieces (mobile, GenAI etc.) but also missed the datacenter play which was there for taking; AMD came out of nowhere and capitalised.

Current Intel Stock price is still way too expensive, need at least another 10 -20% drop.