Intel Corporation

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Intel Corporation (NASDAQ: INTC) between January 25, 2024 and April 25, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 2, 2024.

If you purchased Intel securities and would like to join the action, please click “Join This Class Action.”

Class Period:January 25, 2024 through April 25, 2024


35 Days
If you purchased Intel securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • the growth of Intel Foundry Services (“IFS”) was not indicative of revenue growth reportable under the Internal Foundry segment;
  • the internal foundry model (“Foundry” model) experienced significant operating losses in 2023;
  • the Foundry experienced a decline in product profit driven by lower internal revenue;
  • as a result the Foundry model would not be a strong tailwind to Intel’s IFS strategy; and
  • as a result of the foregoing, defendants’ positive statements about Intel’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Intel Corporation
Stock Symbol: INTC
Class Period: January 25, 2024 through April 25, 2024
Court: United States District Court for the Northern District of California

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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