YTD INTC is down about 58.5% as of last check and in the short run it's outlook looks terrible especially given the negative press with their core product desktop CPUs.
However I can't help but draw parallels to how AMD was looking about 10 years ago trading for under $2 and now for roughly $130.
In some ways I feel Intel has a much better potential to bounce back than even AMD did.
Chief of which being how incredibly wide their business is.
While AMD is chiefly focused on CPUs and GPUs, Intel has both plus a much stronger presence in wireless chips, storage hardware, the USB patent and may others that AMD does / did not have. In fact if you open up an Intel based desktop or laptop there's a good chance the majority of the comments could be Intel based.
Plus they do have manufacturing capabilities that AMD does not have and major sponsorship from the US government to bring that production to the US as a strategicly important product manufacturing firm.
This seems to be prime opportunity for Intel to consolidate to their core business and spin off smaller divisions to generate cash to grow their core business back to profitability. And
AMD and Intel functioning as essentially a duopoly in the x86 space neither can really go away.
However, things are different now than with the recovery of AMD. Chief of which being the rise of ARM and alternatives to the x86 architecture like with Apple silicone.
I keep going back on if INTC is the best value buy opportunity in a while or it really is the hot garbage the recent controversy about their 13th and 14th Gen CPUs failing in mass make it seem to be.
Note, I'm just a casual stocks speculator and PC gaming enthusiast and really should dig into their balance sheets more.
Edit: just to be clear, I haven't bought into INTC yet, just testing the waters and getting a gut check before I make any moves.
I feel confident they will recover eventually but, as I mentioned in a comment here, I'm concerned about to what extent and how soon. Is the opportunity cost of buying and holding now or even buying long term call options worth it compared to just holding the cash in a money market or investing in SPY? That opportunity cost I'm not as confident on.
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