The tech market has delivered impressive growth over the past year. The S 500 has hit record highs multiple times, fueled primarily by investors' excitement over this industry. However, despite its massive long-term potential, one company has been glaringly left out of the rally.
Shares in (NASDAQ: INTC) have plunged 38% since Jan. 1, reflecting a loss of faith from Wall Street. Over the last decade, the company has faced repeated challenges, including lost market share in central processing units (CPUs), an economic downturn in 2022 that led to steep financial declines, and costly restructuring.
Yet, recent quarterly earnings and a shift in its business model suggest a recovery could be underway for Intel. Growth in the company's free cash flow and an expansion in its manufacturing division could spell a lucrative future for the chipmaker, with now potentially your chance to get in on the ground floor.
Source Fool.com