Intel’s shares (INTC) have declined 54% this year, making it the worst performer on the index and leaving it with the lowest stock price on the price-weighted Dow.
The stock fell about 1% in extended trading on Friday, while Nvidia (NVDA) was up 1.5%.
Launched in 1968, the Silicon Valley pioneer sold memory chips before switching to processors that helped launch the personal computer industry.
In the 1990s, “Intel Inside” stickers turned commodity electronic components into premium products and eventually became ubiquitous on laptops.
The company’s 10-for-one stock split in June also helped pave the way for its addition to the index, making its soaring shares more accessible to retail traders.
Persons:
Dow, TSMC, OpenAI
Organizations:
CNN, Intel, Dow Jones, Nvidia
Locations:
chipmaking, ChatGPT