In sharp contrast to the semiconductor sector, chip giant Intel (INTC) has struggled in 2020. While the PHLX Semiconductor Sector Index (SOX) – the industry’s overall barometer – has added 20% of gains year-to-date, INTC shares have declined by 16%. The sharp drop is mostly on account of investors disappointment in delays to the release of the company’s next-generation 7nm chips, which have been moved back to 2022. Intel was already struggling to keep up with other high-flying semiconductor players such as Nvidia and AMD, but the latest delay has sent the stock into a tailspin as investors have wondered …read more
Source:: Yahoo Finance
