Why I Bought More Intel Stock

One of the most difficult aspects of investing is differentiating between patience and stubbornness. Sometimes, you're wrong, but other times, you just look wrong. Recognizing the difference between the two and not panicking when everyone else seems to disagree with you can be the difference between great results and disaster.Semiconductor giant Intel (NASDAQ: INTC) is going through a painful turnaround. The company is investing heavily in manufacturing and attempting to grow a foundry business from nothing into a rival to market leader TSMC. At the same time, Intel is playing catch-up in its product divisions as rival AMD puts out great products.This was never going to be quick, easy, or cheap. On top of the challenges of rapidly bringing new manufacturing processes to production, Intel faced a brutal downturn in the PC market and data center customers prioritizing AI chips over general-purpose CPUs. The company has been forced to take drastic action to shore up its finances and get to the finish line, announcing a $10 billion cost-cutting program that includes laying off 15% of its workforce.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool