"It's been some number of years since Since the July lows, the fallen semiconductor company has gained over 83%, and with recent investments from the likes of Intel ( NASDAQ:INTC) stock was this hot after spiking more than 45% in the past month alone. Nvidia ( NASDAQ:NVDA) and the U.S. government, confidence is building as the firm looks to play catch-up."
"With Intel reportedly seeking an investment from Apple ( NASDAQ:AAPL), which dropped use of its chips for its own many years ago, the red-hot INTC trade is starting to look interesting again. Of course, just because Intel has won over some investment dollars doesn't mean that it's in the clear. The foundry business has been losing significant sums of cash, and with pressure to keep spending more to restructure and turn things around, Intel is not going to be an overnight turnaround story."
Since the July lows, Intel stock has climbed over 83% and spiked more than 45% in the past month amid investments from Nvidia and the U.S. government. Reported interest from Apple has further bolstered investor confidence. The foundry business continues to lose significant cash and requires continued restructuring spending, meaning a full recovery may take five years or more before investments materially impact the stock. Some analysts remain bullish and project further upside, with Benchmark setting a Street-high $43 price target after the Nvidia deal, reflecting optimism but also uncertainty about current valuation levels.
Read at 24/7 Wall St.
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