Intel Stock Getting Ahead Of Itself

Summary:

  • Intel stock has seen a massive jump since the recent earnings, but the market seems to be getting ahead of itself.
  • The gross margin of Intel has declined by another 10 basis points compared to the year-ago quarter.
  • Most of the improvement in operating margin has been through cost cuts in R&D and SG&A expenses.
  • It will take another six months to get a definitive idea about the progress made by Intel on its process road map.
  • Intel stock is quite expensive compared to other big tech, even when we look at EPS estimates 2 fiscal years ahead.

Entrance of The Intel Museum in Silicon Valley.

JHVEPhoto/iStock Editorial via Getty Images

Intel (NASDAQ:INTC) stock has seen a big jump since the recent quarterly earnings. In the YTD, Intel stock is up by 68% compared to 20% by S&P 500. However, the market seems to be getting ahead of itself, as a


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