It’s been a brutal year for tech stocks, and one of the hardest hit names in the sector has been Intel Corporation (INTC). And unfortunately, things seem to be getting worse lately – not better.
Case in point: Intel stock is down more than 40% year-to-date, with a decline of almost 20% coming in the last month or so after very disappointing Q2 results at the end of July.
By comparison, the Nasdaq composite is down “only” 26% on the year and 11% in the last 30 days.
With returns like this, there are really only two ways to view the chipmaker as it trades at the lowest levels since 2015… Either Intel is crazy cheap after these declines, or investors who are bargain hunting in INTC are just plain crazy.… Read more