Intel: Burst Even Without A Bubble
INTCIntel(INTC) Seeking Alpha·2024-08-03 21:00
JHVEPhoto Intel: The King That It Was Once Intel Corporation (NASDAQ:INTC) investors have endured a torrid 2024 after the stock topped out in December 2023. As a result, the optimism that saw INTC outperform its semiconductor peers (SMH) (SOXX) between May and December 2023 has been completely dissolved. Based on the stock's almost 30% one-day slide yesterday (August 2), INTC revisited lows last observed in early 2013 as investors fled for the exit doors.  In my previous article in June, I downgraded th ...