Among the blue-chip names in the technology sector, Intel (INTC) stock has been an underperformer in the last 12-months. During this period, the stock has remained sideways. Of course, the weakness in INTC stock has been due to growth concerns. However, it seems that the stock is undervalued at a price-to-earnings-ratio of 9.8. I am bullish on INTC stock for 2022 and I believe that a major sentiment reversal is around the corner. Let’s discuss the possible catalysts for stock upside. Intel recently announced the intent to take Mobileye public. Mobileye has a leading market share in driver-assistance and autonomous driving solutions.
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Intel (NASDAQ:INTC)
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Intel (NASDAQ:INTC)
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Von Mai 2021 bis Mai 2022 Click Here for more Intel Charts.