Intel Suffers Worst Year Since 1971 IPO

Intel's market value plunged 61% in 2024, marking its worst performance since going public in 1971, while rival chipmaker Broadcom saw shares surge 111% on AI advances. Broadcom, now valued at $1.1 trillion, leverages its custom XPU chips and networking gear for major cloud providers including Google, helping companies build AI infrastructure at lower costs than Nvidia's GPUs.

Further reading: Intel Weighed $20 Billion Nvidia Takeover in 2005.

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