Intel (INTC) Shares Hit 16-Year Low as Tariffs Spark Massive Selloff
April 9 - Intel (INTC, Financial) took a big hit on Tuesday, dropping 7.3% to close at $18.13, marking its lowest point since 2009. The steep fall comes as ongoing tariff issues continue to shake up the semiconductor world.
It's been a rough year for Intel, with shares down more than 50%. In an effort to turn things around, Intel recently brought in Lip-Bu Tan, the former CEO of Cadence Design Systems (CDNS), to help fix the company's culture and performance.
Intel is pinning its hopes on its new 18A semiconductor process, which it's counting on to revive its foundry business. The company's planning to roll out its lead product in the second half of this year, and a successful launch could help address some of the internal issues Tan has highlighted. But, there's still the concern over Intel's huge debt load, especially after a negative $2.2 billion cash flow last year.
It's not just Intel, other semiconductor stocks have also been hit hard as the sector faces ongoing challenges, with tariff fears continuing to cause turbulence across the tech industry.
Become a Premium Member to See This: (Free Trial):
- List of 52-Week Lows, 52-Week Highs
- List of 3-Year Lows, 3-Year Highs
- List of 5-Year Lows, 5-Year Highs
» Take a Free Trial of Premium Membership
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10