Intel Stock Just Plunged. Is Now the Time to Invest?
Shares in (NASDAQ: INTC) tumbled 30% over the last three months. The company has faced a series of challenges, including the aftermath of poor market conditions, heavy investment in a new venture, and losing market share in central processing units (CPUs).
But recent earnings and a shift in its business model could represent a turning point for the chipmaker. After years of losing out to rivals Advanced Micro Devices and Nvidia, Intel is restructuring its business to focus on manufacturing and the budding artificial intelligence (AI) sector.
As a result, a recent stock dip could be the perfect time to make a long-term investment in Intel's future and potentially profit from its comeback.
Source Fool.com
Intel Corp. Stock
€28.52
0.070%
Currently there is a rather positive sentiment for Intel Corp. with 22 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 33.24% compared to the current price of 28.52 € for Intel Corp..
