Intel Just Revealed Why It Can't Split From Its Manufacturing Model and Why the Stock Is a Hold at Best

Steep losses and an imprecise model for future profitability make the chipmaker a tough stock to own right now.A new bull market is now well underway, fueled by accelerated computing infrastructure, artificial intelligence (AI) systems built atop that infrastructure, and elevated interest among governments around the world in "re-shoring" chip manufacturing onto their soil. Intel (INTC -5.16%) appears well-positioned to be a top beneficiary from these growth trends.Despite this apparent enthusiasm, the stoc ...