Intel: Inventory Does Not Lie

Summary:

  • The potential Qualcomm acquisition of Intel has emerged as a key upside catalyst for the stock.
  • This development has prompted me to upgrade my rating from Sell to Hold.
  • However, investors need to be prepared to hold the stock as a standalone company in the case of no deal.
  • My view is that Intel is in a very weakened competitive position, judging by its latest inventory data.

pinocchio superliar

THEPALMER

INTC stock and potential QCOM acquisition

I last covered Intel Corporation stock (NASDAQ:INTC) a bit more than one month ago. In an article entitled “Intel: Foundry Spinoff Won’t Stop Sell Pressure”, I analyzed a critical development surrounding INTC’s


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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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