From Nasdaq: 2024-04-09 06:20:00

Intel’s stock took a hit last week as the company revealed plans to restructure and focus on becoming a leading foundry by the end of the decade. With Intel Foundry reporting a $7 billion operating loss in 2023, the stock dropped approximately 13%.

Despite the significant loss, Intel is investing heavily in its foundry business, securing $15 billion in contracts for advanced packaging and wafer manufacturing services. Revenue is expected to grow as more deals come to fruition, with Intel targeting $15 billion in annual foundry revenue by 2030.

Becoming a foundry allows Intel to improve cost efficiency and extend the lifespan of its process nodes. Although the stock currently appears expensive due to recent market challenges, Intel’s long-term targets indicate potential for significant growth by the end of the decade.

Investors considering Intel should note that the company was not among the Motley Fool Stock Advisor’s list of top picks. The service offers guidance on building a successful portfolio and has historically outperformed the S&P 500, providing valuable insights for potential investors.



Read more at Nasdaq: It’s Time to Buy Intel Stock Hand Over Fist