As 2024 approaches, investors seem to have a sense of optimism. Although it may be premature to label it a bull market, many beaten-down stocks appear to be on the rise.

One of these comeback stocks may be Intel (NASDAQ: INTC). After losing its technical lead in the last decade, it seems to have adopted a competitive mindset under CEO Pat Gelsinger.

Amid that strategic shift, the stock has risen from multiyear lows, and three factors could ensure that the semiconductor stock's recovery continues in 2024.

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Source Fool.com