Intel’s stock is shrugging off the chip sector’s weakness. Here’s why.
Intel says new $3 billion government deal reflects ‘continued progress’ of its foundry business
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Semiconductor stocks are weak on Monday, but Intel Corp. shares are a rare bright spot.
That hasn’t been the case much recently, as Intel’s stock INTC has struggled this year. It’s down 60% so far in 2024, ranking as one of the worst performers in the S&P 500 SPX over that span, while the PHLX Semiconductor Index SOX is ahead 17%.