Intel's shares have plummeted 58% this year, contrasting sharply with Nvidia's remarkable 161% increase, highlighting management's struggles amidst the AI chip revolution.
To counter takeover threats, Intel has engaged a premier investment banker, suggesting the intensity of investor dissatisfaction with the current management's performance.
Despite efforts to transform its strategy towards foundry services, Intel's net income sank to a $1.2 billion loss, reflecting its struggle against competitors.
The argument for management replacement grows stronger as Intel continues to miss earnings targets, driving the company further behind Nvidia and AMD in the market.
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