Why Investors Should Not Leave Intel Stock For Dead
In many respects, Intel (NASDAQ: INTC) stock hasn't really recovered from the decline of the PC. Even as its peers made adjustments and moved on to success in other areas, management turmoil for the large semiconductor manufacturer and the loss of its competitive edge on its biggest product has hampered Intel stock growth.
However, amid some clearly bad news during the most recent earnings report, Intel also still managed robust revenue and earnings growth. Moreover, its size means it remains a force among chip stocks. Given these facts, current and potential Intel investors may want to consider whether the market has punished this stock too harshly.
Admittedly, Intel's PC problems are real and need addressing. PC-related stocks such as NVIDIA (NASDAQ: NVDA) and Microsoft managed the issue by migrating to new business lines that allowed them to return to prosperity and adapt to today's changing tech world. Although Intel has pivoted some operations to data centers and 5G applications, it has not enjoyed the success of its PC-era peers.
Source Fool.com
