Intel needs ‘a lot of things’ to play in their favor in restructuring bid: Analyst
August 2, 2024
Intel (INTC) shares cratered after a dismal Q2 earnings report, in addition to announcing layoffs and that it was suspending its dividend. Creative Strategies CEO and Principal Analyst Ben Bajarin noted that there were reports that the layoffs were coming but that "people had thought that the worst was behind Intel... I think all this has done has proven that's not true." Bajarin thinks this is a sign that Intel's turnaround is going to take longer than many thought. Barjarin says that Intel has plans, but "a lot just's got to go right...there's a lot of things that have to play in their favor" for them all to be executed successfully making leadership key. Watch the video above to hear Bajarin's take on Apple's (AAPL) third quarter results and why the launch of generative AI efforts may be "rocky." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich Read More...
Intel (INTC) shares cratered after a dismal Q2 earnings report, in addition to announcing layoffs and that it was suspending its dividend.
Creative Strategies CEO and Principal Analyst Ben Bajarin noted that there were reports that the layoffs were coming but that “people had thought that the worst was behind Intel… I think all this has done has proven that’s not true.” Bajarin thinks this is a sign that Intel’s turnaround is going to take longer than many thought.
Barjarin says that Intel has plans, but “a lot just’s got to go right…there’s a lot of things that have to play in their favor” for them all to be executed successfully making leadership key.
Watch the video above to hear Bajarin’s take on Apple’s (AAPL) third quarter results and why the launch of generative AI efforts may be “rocky.”
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
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