Intel executives say they're going build back customer trust to turn its business around.
Once a darling among microprocessor manufacturers, Intel (NASDAQ: INTC) has lost considerable market share in recent years to the likes of Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Alas, the idea of retiring with seven figures from a buy-and-hold position in Intel shares has become little more than a pleasant pipe dream. Intel stock lost over half of its value in 2022, making it look deeply oversold compared to its rivals.
Shares of beaten-down big tech stocks Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), and Palantir Technologies (NYSE: PLTR) bounced back today, rising 2%, 3.4%, and 2.8%, respectively, as of 11:34 a.m. ET. There wasn't much company specific news from these three today, but their shares being down so much on the year already, combined with some marginally favorable news this morning on interest rates and geopolitics, was enough to get their stocks moving higher. Equity investors may not have noticed, but Treasury Bond yields may be determining your stock portfolio performance this year more than you think -- especially when it comes to technology growth stocks.