White House economic advisor Kevin Hassett stated that Intel's latest results represent a positive sign for the chip industry, even as the company's stock continues to slide sharply.
Shares of Intel ($INTC) have fallen 54% over the past 30 days, wiping out more than $310 billion in market value. The steep decline contrasts with Hassett's assessment of the semiconductor sector's outlook.
White House Advisor Calls Intel Results Positive as INTC Stock Craters 54%, Erasing $310B in Value
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