The divergence between Intel (INTC) and Nvidia (NVDA) couldn’t be starker. While Jensen Huang-led NVDA is the best-performing S&P 500 Index ($SPX) stock, with YTD gains of over 114%, INTC is the worst performer, and has lost over 60% of its market cap. Intel’s underperformance has been a long-term phenomenon, but things have been particularly bleak this year, after the company’s Q2 earnings release spooked investors and the stock had its worst day in five decades. In absolute terms, Intel stock trades just below $20, while its market cap is about $84 billion. In this article, we’ll discuss why…