Intel Corporation has experienced a dramatic decline in its stock value, with shares plummeting 60% in 2024. The company reported the largest loss in its 56-year history in its most recent quarterly earnings, contributing to an 80% drop in its market capitalization since 2000. Analysts attribute Intel's struggles to a culture of complacency and short-term thinking, which has allowed competitors to surpass it in innovation. Concurrently, shares of Micron Technology have also fallen due to a weak outlook for memory chips, as the company appears to have reached the peak of its product cycle, resulting in plateauing revenues. Despite a strong first quarter for Micron, with earnings per share of $1.79 and revenue of $8.71 billion, the company's stock dropped 13% following disappointing guidance for the second quarter.