Intel Has Lost Wall Street’s Patience as Headwinds Keep Mounting

After another catastrophic earnings report, Intel Corp. bulls are increasingly few and far between on Wall Street.

Intel shares have shed nearly a third of their value since the firm gave a grim growth forecast, announced plans to slash 15,000 jobs, and suspended a dividend that has been in place since 1992. The report was the latest in a series of discouraging updates, and underlined the myriad headwinds facing the chipmaker as it struggles to execute an ambitious turnaround and compete in the artificial intelligence era.