Intel: Turnaround Is Working, I’m Bullish


  • Intel’s stock has dropped almost 40% YTD due to slow traction in AI compute sales and declining share in the data center market.
  • Despite what initially appears to be disappointing Q1 results, Intel is showing signs of a turnaround with revenue growth in key areas and strategic investments.
  • Intel’s upcoming launch of the 18A Panther Lake CPUs and strong partnerships position the company for future growth and market leadership.
  • In essence, the turnaround appears to be working under the surface; I am bullish.

Intel Headquarters


Investment Thesis

While I have been bullish on Intel (NASDAQ:INTC) since last fall, I will admit, the company has faced a tumultuous start to 2024 with their stock performance plummeting approximately 40% from January to the present.

Intel’s faltering

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

Noah Cox (account author) is the managing partner of Noah’s Arc Capital Management. His views in this article are not necessarily reflective of the firms. Nothing contained in this note is intended as investment advice. It is solely for informational purposes. Invest at your own risk.

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