They have not experienced such a decline since the beginning of the century.
The stock market reaction to Intel’s quarterly report, which was full of unpleasant news, could only be fully felt after the opening of the main trading session in the US, although the company’s stock quotes had already fallen by almost a quarter during the preliminary stage. After trading began in the evening, the company’s shares fell by 28% at once, breaking a 24-year-old anti-record, as noted by ReutersIn total, from the beginning of the year until yesterday evening, they managed to fall in price by 41%, but now the magnitude of their fall reaches 59%.
Image source: Intel
By the way, while this news was being prepared, the value of the decline in Intel shares was creeping towards the 29% mark, so it may not be limited to the indicated values. Moreover, shares of semiconductor companies around the world were falling today under the influence of various factors. Intel also worsened its situation by refusing to pay dividends from the next quarter, and with a long-term downward trend in the share price, they could have kept investors in these assets. Over five years, Intel shares have also lost more than 58% in price.
