Intel: Foundry Spinoff Won’t Stop Sell Pressure (Technical Analysis)

Summary:

  • Since my last writing, a critical development surrounding INTC stock is the potential spinoff of its foundry division.
  • Finding a suitable buyer at a reasonable price seems to me unlikely under current conditions.
  • Even if the spinoff materializes, it is only a way to cut losses.
  • I expect the company to continue to have trouble competing with fabless rivals such as ADM and NVDA.

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INTC stock: previous thesis and new developments

My last article on Intel Corporation (NASDAQ:INTC) was titled “Intel’s Q2 Earnings Release Taught Me 3 Lessons About Its Turnaround.” As seen from the screenshot below, it was published on


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