Could Intel Stock Help You Retire a Millionaire?
Once a darling among microprocessor manufacturers, Intel (NASDAQ: INTC) has lost considerable market share in recent years to the likes of Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Alas, the idea of retiring with seven figures from a buy-and-hold position in Intel shares has become little more than a pleasant pipe dream.
Or has it? Intel stock lost over half of its value in 2022, making it look deeply oversold compared to its rivals. But then, buying a stock just because it seems cheap is an easy way to lose millions, not make them.
A comfortable retirement, unfortunately, isn't as simple as loading up on one stock and turning off the screen for a few decades. That said, it's worth investigating whether a long-term position in Intel stock can turn apparently dead money into a multibagger.
Source Fool.com
