It Is What It Is, Intel Is A Buy


  • I reiterate the buy rating I gave Intel last December 26. The Sapphire Rapids Xeon server processors tout better AI performance than AMD’s EPYC.
  • INTC trades below $30. It still has more upside potential because its one-year performance is still -47%.
  • My near-term price target for INTC is still $31.20. This PT could happen after Q4 F2022 numbers are reported this coming January 26.
  • Nvidia is helping Intel sell more AI-centric Xeon server processors. Intel is needed by Nvidia to compete better against AMD.
  • I guesstimate that Nvidia could help sell 200k units of the $17k Sapphire Rapids Xeon 8490H server processor.
Intel Expected To Post Favorable Earnings

Intel is a full-service AI company.

Justin Sullivan

Investment Thesis

The new AI hardware partnership between Intel (NASDAQ:INTC) and NVIDIA (NVDA) is why you should accumulate more INTC shares. This alliance reinforces my December 26 rebound buy thesis for Intel. Nvidia has an

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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