Although the tech sector has been booming because of AI demand, not all tech companies have benefited. Among them is Intel, with INTC falling as much as 54% over the last 5 years. Indeed, the firm has not been able to capture the growing market share dominated by companies like Nvidia (NVDA) and Microsoft (MSFT).
Since its Q2 earnings report released earlier this year, things have been downhill for the chipmaker. However, its continued volatility has many traders intrigued about the potential for the stock in the future. With a potential sale on the horizon, there is the potential for a bounce back.
Also Read: Intel Eyes Sale of $17B Altera Business as INTC Gets Boost
Intel Has Pourous 5-Year Stretch, Despite Technology Stock Interest Rising
In 2017, Intel (INTC) infamously passed on investing in OpenAI. The move would certainly haunt the chipmaker, as the company would go on to create the immensely popular generative AI chatbot, ChatGPT. Moreover, it would usher in a new era of increased demand for artificial intelligence integration in technology.
Seven years later, and Intel has failed to compete with the biggest in the industry. Additionally, they have surprisingly been passed up despite the potential impact they could have on the sector. Over the last five years, Intel has fallen more than 54%, failing to capitalize on that AI boom.
Also Read: Intel: Can Q3 Earnings Reverse 55% INTC Drop?
The last year has been none the kinder to INTC. In that time frame, the company has fallen 33%, dropping 31% in a quarter alone. Although that certainly isn’t fun for investors, there is some hope. The company is looking to offload its Altera business at a $17 billion valuation. That could begin to reverse course for the firm.
The company also became profitable in 2024. That could be a trend that continues with cost-cutting measures in tow for the company over the next year. Still, Intel is a consistently volatile stock option. That would certainly hinder any trader from investing, regardless of their optimism in the computer parts manufacturer.
