Intel Stock Drops 2.91% on Vision 2025 Event, Trading Volume Ranks 36th
Market BriefTuesday, Apr 1, 2025 8:10 pm ET
1min readOn April 1, 2025,
(INTC) experienced a decline of 2.91%, with a trading volume of 14.07 billion, ranking 36th in the day's stock market activity.Intel's stock price dropped following the company's Vision 2025 event, where new CEO Lip-Bu Tan discussed the significant challenges in the company's turnaround and its next strategic steps. Tan emphasized the need for major cultural changes to help the business regain its footing and compete with AI chip-design rivals such as
and . He also mentioned plans to spin off non-core business units, though there was no indication of selling off the foundry business, which disappointed some investors.Despite the recent pullback, Intel's stock has seen a 10% increase year-to-date, largely driven by Tan's appointment and speculation about potential sales of the foundry business. The foundry unit has been a source of substantial losses, and its future remains uncertain as Intel prepares to share more details at the end of the month.
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