Intel Stock To $60?

Intel stock (NASDAQ: INTC) surged nearly 7% on Tuesday after reports that the Trump administration could take a 10% stake in the company by converting CHIPS Act grants into equity. Moreover, Japan’s SoftBank also revealed a $2 billion investment it had made betting on Intel’s revival. So could this finally be the catalyst Intel stock needs to drive a rally? In this analysis, we outline the key trends and numbers, namely revenues, margins, and valuation multiples that could line up to take Intel stock toward ...