TSM - Intel Can Win Again
2024-06-11 02:35:17 ET
Summary
- Intel shares have dropped to around $30 per share, presenting a buying opportunity as expectations for the company are low.
- Tensions between China and Taiwan could disrupt the chip supply chain, making INTC a more attractive option for customers looking to diversify their sources.
- The Company's competitive pricing and advanced chip offerings, such as the Gaudi 3, could give it an edge over competitors like Nvidia.
My last article about Intel ( INTC ) was back in October 2022, and at that time it was trading for about $25 per share. I was bullish on Intel when I wrote that article and in about 13 months, the stock had just about doubled in value, trading for around $50 in December 2023. However, things have changed, and the stock is back down to around $30 per share. Once again, I believe it is a good time to be buying Intel shares, and that is what I have been doing recently. I know many investors are bearish on Intel and can point to a number of reasons why, including massive relative underperformance when compared to NVIDIA ( NVDA ). However, that is looking in the rearview mirror, and I am mostly interested in how Intel shares can perform going forward. One thing is for sure, and that is that expectations for Intel seem very low, and expectations for NVIDIA seem extremely high. That is often a great set up for shares of a low expectation company to actually outperform. With this in mind, let's take a closer look at Intel:...
Intel Can Win Again