Intel: No Longer The King That It Once Was (Rating Downgrade)

Summary:

  • Intel stock has plunged deep into a bear market, even as its semiconductor peers have powered to a new high.
  • Intel is facing significant challenges across its ecosystem, undermining investor confidence.
  • Nvidia is making a highly determined push to unhinge Intel’s traditional data center leadership.
  • Nvidia’s ability to integrate across the stack could stretch the gap with Intel.
  • I argue why investor sentiments on INTC have already turned bearish, making a potential turnaround increasingly unlikely.

Intel Headquarters

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Intel Stock Plunged Into A Bear Market

Intel Corporation (NASDAQ:INTC) stock has dropped into a deep bear market, down more than 40% from INTC’s December 2023 highs. I upgraded INTC stock in my previous update in


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AAPL, TSM, SMH, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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