Don't Write Off Intel Just Yet: The Bull Case for INTC Stock

Wednesday’s trading session provided some serious doubt for investors in Intel (NYSE:INTC) stock after the Pentagon withdrew its $2.5 billion chip grant for the company. The decline brought INTC stock down 3%, and has some investors questioning whether this is a chip stock to buy right now.This decision could reduce federal funding for Intel and prompt the company to seek additional support from the Commerce Department. Intel is also pursuing incentives exceeding $10 billion from the CHIPS and Science Act. ...