Intel Continues To Lose To Competition


  • I correctly had issued a ‘Sell’ view for Intel last time, but prematurely changed this, leading to a foregone chance to capture 40.05% of alpha.
  • Now I am reinstating my bearish stance on the stock as I notice that Intel continues to see falling revenues due to loss of share to competition.
  • The company’s margins are also likely to be depressed for the rest of FY24 and beyond as their catchup plans on Foundry Technology incurs high costs.
  • I am skeptical of management’s optimism and bullish commentary given their track record of disappointments on revenue guidance. Intel also seems overvalued given an unwarranted premium to its historical valuations.
  • Even if one believes in the turnaround, I think the best time to invest is after significant investments are done and before much of the return is realized. Till then, I continue to follow the bearish trend vs. the S&P500.

Fallen Sprinter

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Performance Assessment

I’m kicking myself when I review the performance of my prior stance on Intel Corporation (NASDAQ:INTC). I had a ‘Sell’ view of the stock. However, I prematurely communicated a change to this view to a ‘Neutral/Hold’ based purely

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