Intel CEO says company lost its mojo, admits falling out of the Top 10 semiconductor co’s

While $NVDA 's market cap soared past $4 trillion after a 10X run in 30 months, $INTC has dropped to just over $100 billion—less than 1/2 its 2023 value.

After decades of industry leadership, says it's now "too late" for Intel to catch Nvidia in lucrative AI training market, saying Nvidia's position "is simply too strong"

Following an $18.8 billion net loss in 2024, Intel is laying off ~20% of its workforce

See more here: https://www.perplexity.ai/page/intel-ceo-admits-company-has-l-YgWQP5kZSWyoHIx1umpk2g

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