Key Takeaways Intel shares have taken a hit in recent months amid worries about the chipmaker’s ability to engineer a turnaround. The company is reportedly considering a number of strategic options that could include selling parts of its business and scrapping some projects.

This is evident from the latest market share numbers from Mercury Research. AMD gained 3.6 percentage points of market share in desktop CPUs in the second quarter of 2024 from the year-ago period at Intel's expense. Meanwhile, AMD's share of the notebook CPU market increased by 3.8 percentage points.

Intel stock (NASDAQ: INTC) is trading at about $19 per share, its lowest point in over a decade. Could the stock rise by over 3x per share in the next few years? Does this sound a bit ridiculous? Consider this - Intel stock was trading at levels of about $60 per share just about three years ago.