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Why Intel Stock Deserves A 'Strong Buy' Rating
IntelIntel(US:INTC) Seeking Alphaยท2024-07-17 16:36
JHVEPhoto My Thesis I believe that considering Intel Corporation's (NASDAQ:INTC) future prospective market position from its current CAPEX, the stock has very strong long-term growth potential, especially given its current depressed valuations compared to most other companies in the semiconductor industry. I initiate coverage of Intel stock today, believing that it deserves a "Strong Buy" rating. My Reasoning After Intel reported its Q1 2024 revenue of $12.7 billion, up 9% year-over-year but down 17% se ...