According to CoinMeta, Intel’s (NASDAQ : INTC) stock price plummeted by 35.4% in July, mainly due to the widespread selling of chip stocks and investors’ concerns about Intel’s high capital expenditures. According to S&P P Global Market Intelligence data, Intel’s stock price decline raised questions among investors about the future trend of this tech stock. Although Intel’s manufacturing business sales grew by 31% in the second quarter, reaching $5.8 billion, there are still doubts about whether its new manufacturing process capital expenditures will be able to attract large enough customers. Intel expects its capital expenditures this year to exceed $20 billion and stated that expenditures in 2027 will be significantly higher than those in 2026. Nevertheless, Intel’s price-earnings ratio is currently at 88, far higher than the average price-earnings ratio of 34 in the tech industry, and investors remain cautious about whether its expenditures can be translated into future profits.