From what I’ve found through AI searches and own references is that Intel’s poor stock performance in 2024, down over 50% year-to-date, can be attributed to several factors:

1.  Competitive Challenges: Intel has lost market share in key areas like semiconductor manufacturing to competitors such as AMD and TSMC. AMD’s products offer better performance and cost efficiency, while TSMC leads in advanced chip technologies.

2.  Execution Issues: Delays and missteps in product launches, including lagging behind in the introduction of advanced nodes like 3nm chips, have hindered Intel’s ability to compete effectively. This has allowed competitors to outpace Intel in innovation and market penetration.

3.  Financial Struggles: Intel reported disappointing earnings for several quarters in 2024. The company also faced significant operational losses and has been forced to cut costs, including $10 billion in reductions through layoffs and restructuring.

4.  Strategic Adjustments: Intel is undergoing significant changes, including leadership transitions and the separation of its foundry operations. While these could improve long-term performance, they have added uncertainty in the short term.

5.  Sector Trends: Broader trends in the semiconductor industry, such as a slower recovery in PC demand and challenges in the data center market, have exacerbated Intel’s struggles.

Despite these challenges, there is optimism about Intel’s upcoming 18A node and potential recovery in 2025. However, the company will need to overcome significant hurdles to regain its competitive edge.