Intel Shares Suffer Worst Month in Decades
- Stock is down 31% in April, biggest drop since June 2002
- Recent forecasts underscore chipmaking giant’s challenges
An Intel Gaudi2 AI accelerator during the Intel AI Everywhere launch event in New York on Dec. 14, 2023.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Intel Corp. shares fell 31% in April, their worst month in more than 20 years, as the chipmaker continues to struggle with executing a turnaround.
The stock declined 2.8% on Tuesday, closing out its biggest one-month percentage drop since June 2002. It has plunged 39% this year, making it the weakest performer if the Philadelphia Stock Exchange Semiconductor Index, which is down 4.7% in April but remains up 12% for 2024.