Intel: Cautiously Optimistic As Trump Returns, PC Shipments Stall
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Intel's shares have risen 28% since a Buy recommendation, yet remain undervalued. Q3 revenues beat expectations, driven by Data Center & AI growth, despite sluggish PC sales. A $10 billion cost-saving plan is on track, but CHIPS Act grant delays and new administration pose risks.
November 18, 2024 | 11:45 pm
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Intel's shares have risen 28% since a Buy recommendation, yet remain undervalued. Q3 revenues beat expectations, driven by Data Center & AI growth, despite sluggish PC sales. A $10 billion cost-saving plan is on track, but CHIPS Act grant delays and new administration pose risks.
Intel's Q3 revenues exceeded expectations, driven by growth in Data Center & AI, which is positive for the stock. However, sluggish PC sales and potential risks from CHIPS Act grant delays and a new administration could impact future performance. The $10 billion cost-saving plan is a positive factor for operating margins.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100