Overview

• Intel reported disappointing Q2 2024 earnings, missing analysts' expectations.
• The company plans to cut over 15,000 jobs and slash costs by $10 billion by next year.
• Intel aims to compete in the AI sector with its Gaudi accelerators but faces stiff competition from Nvidia.
• Shifting wafer production and focusing on AI PCs are part of Intel's long-term growth strategy.
• Intel's stock has dropped 30% recently, raising questions about its future performance.