New Delhi, Aug. 27 -- Intel's quarter does not improve with more scrutiny. The stock fell 49 cents to $22.84 on Tuesday - a 2.1% decline that made it the weakest component of the Dow Jones Industrial Average - as the investment community spent the day digesting an analyst note from Bernstein that updated foundry loss projections through 2027. The conclusions were not encouraging.

at the current loss rate, Intel Foundry will consume more than $10 billion in operating losses through the end of 2027 before reaching the scale necessary to approach profitability.

CEO Lip-Bu Tan, who took over from Pat Gelsinger in late 2024 after the board concluded that Gelsinger's IDM 2.0 strategy was not producing results fast enough, has maintained that ...