Intel Needs Just One Catalyst – Buy

Summary:

• Intel’s stock is rated “Buy” due to anticipated EPS recovery in FY2025 and the potential positive impact of a new CEO announcement.
• Despite significant losses and underperformance, Intel’s strategic cost reductions and focus on AI and data center products are expected to drive future profitability.
• Intel’s foundry business and IDM 2.0 roadmap face challenges, but the stock’s current low valuation presents a rebound opportunity with strong new leadership.
• The market’s negativity is overblown; Intel’s robust market position and potential management changes should catalyze a stock price rally.

My Thesis Update

In mid-July 2024, I initiated coverage of Intel Corporation (NASDAQ:INTC) (NEOE:INTC:CA) stock with a “Buy” rating, anticipating that revenue in the company’s key segments – CCG and DCAI – would start to recover steadily soon, accompanied by increased

Analyst’s Disclosure: I/we have a beneficial long position in the shares of INTC 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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