Intel stock has struggled amid semiconductor bull market, facing challenges in AI demand and manufacturing.

From Morningstar: 2024-07-17 08:14:00

Intel (INTC) has been left out of the semiconductor bull market, with chipmakers like Nvidia, Broadcom, and TSMC seeing huge rallies while Intel struggles with AI chip demand. Stock down 31% this year, up just 8% in the last 12 months, fallen significantly from March 2021 high. Morningstar Metrics show fair value estimate of $30.00, high economic uncertainty, and valuation struggles. No economic moat rating due to manufacturing struggles and declining returns on invested capital. Intel facing financial challenges with declining free cash flow and high debt. High uncertainty rating due to intense competition and execution risk. Bulls see Intel’s size and market share advantage as a positive, while bears cite past manufacturing delays and current struggles.



Read more at Morningstar: Should I Buy Intel’s Shares After Their Big Sell-Off?