(NASDAQ: INTC) used to be one of the most innovative technology companies -- if not the most. In 2000, it was among the largest companies in the world by market cap and dominated the semiconductor market with its vertically integrated design and manufacturing strategy.
In the last two decades, this business model has crumbled. With the rise of design-only firms like Nvidia and Advanced Micro Devices taking market share, Intel has gone through a long fall from grace. After its most recent stock collapse, shares have now posted a negative total return since Jan. 1, 2000 -- close to 25 years of negative cumulative returns for long-term shareholders.
Times are bad for the leading American semiconductor manufacturer right now. What's wrong with its stock? Should contrarian investors buy the dip? Let's explore what's going on with Intel right now.
Source Fool.com