2024-06-13 08:32:02 ET
Summary
- Intel's fundamental problems are highlighted by stagnant revenue growth, inability to compete in GPUs, and weak balance sheet.
- Recent developments reveal missed revenue estimates, weak guidance, and Intel's GPU market share diminishing to zero.
- Three different valuation approaches signal that the stock is substantially overvalued.
Investment thesis
My previous bearish thesis about Intel ( INTC ) aged well as the stock returned -8%, compared to a 24% increase in the S&P500. Today I want to update my thesis because a lot of developments happened over the last year....
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Intel: Fails To Absorb AI Tailwinds