INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Intel Corporation (INTC) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Intel Corporation (“Intel” or the “Company”) (NASDAQ: INTC) investors concerning the Company’s possible violations of federal securities laws.

On April 2, 2024, Intel disclosed that its Foundry segment had experienced an operating loss of $7 billion on sales of $18.9 billion and that approximately 30% of the Company’s wafers are purchased from third party manufacturers. On this news, Intel’s stock price fell $3.61, or 8.2%, to close at $40.33 per share on April 3, 2024, thereby injuring investors.

Then, on April 25, 2024, Intel released its first quarter 2024 financial results, disclosing that revenue declined 10% year-over-year to $4.4 billion for its Foundry segment. On this news, Intel’s stock price fell $3.23, or 9.2%, to close at $31.88 per share on April 26, 2024, thereby injuring investors further.

If you purchased Intel securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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