Intel Stock Forecast : It Will Prosper Amidst The COVID-19 Pandemic
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- The pandemic panic sell-off made Intel even more undervalued. Now is a great time to add more to your Intel position.
- Yes, INTC is recovering but its still trading way below its January 20 high of $69.29. If more investors regain their senses, INTC can breach $65 again soon.
- The strong balance sheet should already convince investors that Intel has no serious headwind from COVID-19 quarantines. COVID-19 is actually a boost to Intel’s server business.
- Unlike AMD, Intel has enough cash reserves to weather 30-day or even 90-day quarantine edits of many countries.
- Having its own fabrication or factories makes Intel a better long-term investment than fabless semiconductor firms like AMD and NVDA.