Core Insights - Intel has faced significant challenges in recent years, including manufacturing issues and market share losses, but has also experienced notable stock rallies, with gains exceeding 30% in short periods, particularly in 2011 and 2024 [1] Financial Performance - Revenue growth has declined by 3.7% over the last twelve months (LTM) and by 9.4% over the last three-year average [5] - Free cash flow margin is nearly -20.6%, and operating margin is -8.3% LTM [5] - Intel stock currently trades at a P/E multiple of -8.2 [5] Growth Catalysts - The timely production of Intel's advanced 18A process node in 2025 could restore its manufacturing leadership and generate significant foundry revenue [5] - The increasing adoption of Gaudi 3 for AI applications by major cloud providers and the introduction of new AI PC processors (Panther Lake) present key growth opportunities in the AI sector [5] - A major PC refresh cycle in 2025, driven by the end-of-life of Windows 10 and strong demand for new Xeon 6 data center processors, is expected to boost core business revenue significantly [5]