Intel: Attractive Value After Large Sell-Off (Rating Upgrade)

JasonDoiy In our previous analysis of Intel Corporation (NASDAQ:INTC) (NEOE:INTC:CA), we projected a rebound in Intel's desktop and laptop revenue in 2024, driven by an 11.5% growth in the PC market and the launch of advanced 2nm Arrow Lake CPUs, alongside a 5.7% growth in server revenue supported by positive IT spending and increased data center capex for AI by cloud providers. Additionally, we also expected Intel's NEX, Mobileye (MBLY) and IFS segments to recover, with NEX benefiting from market recove ...