2024-04-29 16:00:00 ET
Summary
- Intel's Q1-2024 earnings disappointed Wall Street, with guidance for revenues and margins coming in low.
- Analysts downgraded Intel's stock, and even the watered-down earnings look unrealistic.
- We examine the numbers and tell you why we were tempted to upgrade this, but ultimately stuck with a Sell.
Sometimes you get the thesis right, and sometimes you hit the nail on the head. Our Sell rating for Intel Corporation ( INTC ) was based on one simple fact that we made abundantly clear....
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For further details see:
Intel: The AI Pie In The Sky