Intel stock savaged as next-gen chip delay prompts loss of confidence from Wall Street
July 24, 2020 at 10:55 AM EDT
Intel Corp.’s stock faces one of its worst days in 20 years Friday amid a flurry of Wall Street downgrades after the chip giant divulges in an earnings call that its next generation of chips would be delayed and that it may seek a third-party manufacturer to make them.
