Intel (NASDAQ: INTC) has been moving in the wrong direction so far in 2024, with the stock losing more than half its value year to date.

Management is reportedly open to radical steps to reverse the decline, and investors are taking notice. Shares of Intel were up 8% as of 10:30 a.m. ET on news that the company has hired bankers to assess options to kick-start growth.

It's been a tough few years for Intel. The once-storied semiconductor maker has lost ground to Nvidia and others, leading to a series of restructuring efforts that so far have not had the desired impact.

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Source Fool.com