Can Intel Stock (NASDAQ: INTC) Rise from the Dead?
19 November 2022 - 02:45AM
TipRanks
Intel's (NASDAQ: INTC) stock price has more than halved from
its 52-week highs. The legendary semiconductor manufacturer has
lately found itself under tremendous pressure, as competition is
eating its lunch and its future expansion prospects remain
uncertain. That said, with shares now trading at the same levels
they did around a decade ago and the dividend yield standing at a
juicy 4.9%, investors have been arguing back and forth whether
Intel makes for an attractive buying opportunity or if it presents
a value trap, bearing further losses ahead. Due to Intel's future
success in the semiconductor industry appearing wildly speculative,
I am neutral on INTC stock.
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