Is It Game Over for Intel?
Today's video focuses on Intel (NASDAQ: INTC), recent analyst updates, a quick look at its long-term growth strategy, and a comparison to its peer Advanced Micro Devices (NASDAQ: AMD) in terms of market cap. Here are some highlights from the video.
- Intel has recently seen a few downgrades and price target cuts. On March 3, Morgan Stanley downgraded Intel to underweight and cut the price target to $47. On Feb. 24, DZ Bank downgraded Intel to hold and cut the price target to $48.
- Intel highlighted its long-term growth strategies during its 2022 investor meeting on Feb. 17. Intel is focusing on two significant technologies that could drive strong returns to investors. First is the continued innovation of data center products. Second is the accelerated movement into the foundry business.
- One of Intel's biggest competitors is AMD. Both companies now have roughly similar market caps at nearly $190 billion, even though Intel has produced over four times more revenue than AMD in the past 12 months.
Click the video below for my full thoughts and analysis.
*Stock prices used were the market prices of March 3, 2022. The video was published on March 3, 2022. 10 stocks we like better than Intel They just revealed what they believe are the ten best stocks for investors to buy right now... and Intel wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of January 20, 2022
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Jose Najarro owns Advanced Micro Devices. The Motley Fool owns and recommends Advanced Micro Devices and Intel. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
