Intel was very successful in the eighties because its business was mainly around PC market. But now people aren’t buying PCs anymore. PC markets almost disappeared in favour of other devices like the smartphone. Clearly, Intel missed the boat on smartphones. Intel’s revenue keeps declining. Its annual revenue for 2022 was $63.054B, a 20.21% decline from 2021. Its 12 month revenue ending March 31, 2023 was $56.416B, a 27.4% decline year-over-year.For a company with huge fixed costs, this is a major crisis. Now the company is trying pull off the most complex tech around. Its stock price now at $28.80. It has cash of $27B but its debt is a whopping $50B. Can this stock see a turnaround?or will it keep bleeding?
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