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0 0.000118263886151303 0.000276343280640188 0.0014980092245831 -3.94212953838425E-05 0.00323254622146881 0.00323254622146881 0.00323254622146881
Stock impact report

How innovation died at Intel: America's only leading-edge chip manufacturer faces an uncertain future and lawsuits [Yahoo! Finance]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Yahoo! Finance
Intel's ( INTC ) fall from grace seemed to happen all at once. Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year history in its latest quarterly earnings report . Its market cap has dropped 80% since 2000 — when it was one of the most valuable companies in the world. In November, an ascendant Nvidia ( NVDA replaced Intel in the Dow Jones Industrial Average. A month later, CEO Pat Gelsinger resigned after taking the helm in February 2021. And on Wednesday the company was hit with yet another lawsuit filed by shareholders — this time seeking damages related to substantial losses from its struggling foundry division But company insiders and industry analysts tell Yahoo Finance that Intel's dramatic crash is the result of a slow deterioration spanning more than two decades. “They had a God complex; they were super arrogant,” a former high-level executive who worked at Intel for more than 20 years told Yahoo Finance. “The Show less Read more
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