INTEL Intel this summer announced a delay in the release of its 7nm product and subsequently fired its CTO. The 7nm processor, which was supposed to help Intel catch up, has been delayed by six months. Intel is no longer the biggest competitor in this sector and now needs to catch up with the competition.
Should Intel face further delays in its 7nm product, or other delays continue to occur, we will see the next wave of declines in stocks following the announcement.
At the moment, the market is long, Intel did not have a disastrous third quarter, despite the market reaction. In fact, the company slightly exceeded the forecast since the beginning of the year. Much of the alleged disaster was based on higher expectations compared to the first half of the year.
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