Intel Corporation recently reported mixed financial results, with its stock dropping due to a weaker-than-expected outlook. The company has cut spending after receiving $7.9 billion in federal grants. Leadership changes within the executive team have been made, impacting long-term guidance for 2027 and 2028. Despite these challenges, Intel’s stock experienced a temporary jump following strategic moves. Ongoing headwinds include material cost impacts from steel and aluminum tariffs affecting major brands like Constellation Brands.
— new from Barron’s