Intel: Im buying this dipIntel is a love-it-or-hate-it kind of company. When stock prices aren’t climbing, everyone seems to hate it. But when they’re soaring, everyone loves it.
Let’s focus on the bottom line: no matter how much this company has stumbled, it’s still Intel. In today’s climate of uncertainty—especially after the pager explosions—the USA still relies on domestically made goods. Right now, the country has a new President who strongly supports that approach, whether you like him or not.
If Intel plays its cards right, we might get a new Lisa Su like CEO.
My Position: Buy the Dip
I’m banking on Intel’s current strategy, which seems to mirror AMD’s approach after the Bulldozer fiasco. By cutting spending, flooding the GPU market, and integrating its GPU designs into laptops, Intel has a solid opportunity to gain market share (just look at Steam Stats for proof).
Right now, Intel reminds me of AMD when it was trading at $1.50 per share. And as someone who has been an AMD fanboy since 2015, I have to admit: Team Blue looks like the better investment opportunity at this point.
I’ll sketch out some charts later.
To the four of you reading this—let’s make it happen!
For the 4 of you reading. Let's do this!
Disclaimer: I'm just a normal Joe. This is not financial advice.