(NASDAQ: INTC) has been a perennial underperformer on the stock market for a very long time. This is evident from the fact that the stock's price has remained almost flat over the past five years, which pales in comparison to the tech-laden Nasdaq-100 Technology Sector index's outstanding gains of 148% during the same period.

However, 2023 was a solid year for Intel investors. The stock gained an impressive 60% last year and outpaced the Nasdaq-100's 50% gains. The solid rally has brought Intel's market cap to $199 billion. But can Intel sustain this red-hot momentum over the long run and join the trillion-dollar market cap club by 2030? Let's find out.

Intel failed to excite the stock market over the past five years because of its poor financial performance, which can be attributed to the company's market share losses to Advanced Micro Devices (NASDAQ: AMD) and its inability to capitalize on hot tech trends such as gaming graphics cards and consoles.

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Source Fool.com