2024-07-05 11:40:38 ET
Summary
- INTC is extremely attractively valued for a company with such solid AI and data center exposure and the potential to become the biggest beneficiary of the AI transition in PCs.
- The company spends on R&D approximately the same amount as Nvidia and AMD combined.
- My intrinsic value calculations suggest that INTC's target price is $37.
My thesis
Intel Corporation's ( INTC ) stock is very attractively valued for a stock with such solid exposure to AI and data centers. The intrinsic value of the stock is 18% higher than Intel's market capitalization, which means that the target price is $37....
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For further details see:
Intel: Why The Dip Is Not Fair