I believe we're in a wave 4 correction in Intel at the moment, whether this has bottomed, or we will see 50% or 62% is for me more unclear, maybe batch your buying.
We have fairly low PE ~11 and strong sales, yet we know at this point that Intel will be pressured severely in the server market by AMD, how that will affect Intel in the end, we'll see.
I do not own or intend to own this stock atm. why? because I'm too aware of the Intel vs. AMD battle, and how much it will affect Intel is still dwelling IMO.
Besides all of this, I still see potential TA wise in Intel.
Be careful, Happy trading
We have fairly low PE ~11 and strong sales, yet we know at this point that Intel will be pressured severely in the server market by AMD, how that will affect Intel in the end, we'll see.
I do not own or intend to own this stock atm. why? because I'm too aware of the Intel vs. AMD battle, and how much it will affect Intel is still dwelling IMO.
Besides all of this, I still see potential TA wise in Intel.
Be careful, Happy trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.