Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Of the 503 stocks in the S&P 500 (some companies have two classes of stocks that are included) fewer than 30% of them, or 148 stocks, beat the index's average return of 23.31% in 2024.
2025 will be a pivotal year for chip-giant Intel (INTC 1.16%) as it navigates an industry that it no longer dominates. A multiyear turnaround effort led by former CEO Pat Gelsinger, which aimed to turn Intel into a world-class foundry, has yet to pay off as the company struggles on multiple fronts.
In the most recent trading session, Intel (INTC) closed at $20.05, indicating a +1.16% shift from the previous trading day.
During another excellent year for the broad U.S. stock market, 98 stocks among the S&P 500 showed double-digit declines
Intel lost 60% of its value in 2024, the biggest drop in its 53 years as a public company. Broadcom's stock price more than doubled, with its best month ever coming in December after the company's earnings report.
Like Pat Gelsinger, Boeing's Kelly Ortberg is a technically minded leader tasked with rescuing a storied American manufacturer damaged by bean counters.
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The escalating US-China tech war presents a formidable challenge for U.S. semiconductor companies like NVIDIA, Micron, Intel and Qualcomm.
Intel stock has declined by about 60% this year, amid several issues including the loss of market share to rival AMD in both the PC and server space, as well as the industry's broader transition from CPUs to GPUs in the generative AI era, besides significant manufacturing missteps. Now we believe that Intel stock is undervalued post the sell-off, with our fair estimate of the stock's coming at $27 per share almost 30% ahead of the current market price on account of the company's low valuation, potential regulatory benefits under Trump, and the impending rollout of its next-gen 18A fabrication process which could turn the narrative around on the stock.
In the closing of the recent trading day, Intel (INTC) stood at $20.40, denoting a +0.99% change from the preceding trading day.
The PC market has struggled to bounce back following a post-pandemic plunge in demand. Global PC shipments dipped slightly in the third quarter on a year-over-year basis, and forecasts put shipment growth for 2025 in the single-digit percentage range.