Intel: What Happened And What's Next (Rating Downgrade)

FinkAvenueInvestment Thesis I wanted to take some time to digest the most recent Intel (NASDAQ:INTC) quarter. To put it plainly, it was a poor performance that frankly took me by surprise. I’ve unfortunately now soured on the stock, down from a strong buy to a hold. Q2 results showed the chipmaker’s revenue falling short of expectations by $147.82 million, coming in at $12.83 billion. Adjusted EPS of $0.02 missed by $0.08. With this, Intel suspended its dividend to help preserve liquidity. The dividend  ...