Intel: Poised For A Recovery (Upgrade)

JHVEPhoto/iStock Editorial via Getty Images The stock price of Intel Corporation (NASDAQ:INTC) plummeted a cool 30% since I took a small position in the chip company back in January of this year. The main reason why I initiated a first position was that Mobileye, a developer of autonomous driving technologies, came off its best year in terms of sales ever and that Intel presented a robust profit outlook for 1Q24. I think that the drop in Intel's stock price is completely detached from the underlying reality ...