From Yahoo Finance: 2024-04-09 04:05:00

Shares of Intel (NASDAQ: INTC) have dropped around 22% since Jan. 25 after the company reported Q4 2023 earnings that included a 10% revenue growth, beating Wall Street estimates. Disappointing Q1 2024 guidance, with earnings at $0.13 per share compared to analyst estimates of $0.42 per share, has led to a stock drop. However, Intel is restructuring to focus on AI, a sector with huge growth potential. As Intel shifts its business model, investing in AI hardware, projections show its stock could potentially rise 118% by fiscal 2026. Intel’s current stock value is better than competitors AMD and Nvidia, making it a potential lucrative long-term investment.



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