Is Intel Stock Finally Worth Buying?
The odds were stacked against Intel (NASDAQ: INTC) going into its second-quarter earnings report. The company still managed to put up a strong showing despite the competitive challenges it has been facing from rivals such as Advanced Micro Devices (NASDAQ: AMD).
Chipzilla's results, delivered after the bell on July 22, comfortably exceeded the higher end of its guidance range, and management also raised its full-year outlook. One might think a performance like that would have been just what Intel shareholders wanted to see after the company started the year on a disappointing note. However, the beat-and-raise report failed to excite Wall Street, and Intel stock dropped in its wake.
Are investors overly negative about the chipmaker's prospects these days? Or is their pessimism reasonable given the challenges ahead?
Source Fool.com
