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Chip stocks hit hard, intel's earnings disappoint: Still a good bet?
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Long because it’s cheap?

$Intel (INTC.US)$ For those who thought Intel at $30 was cheap and bought into it and for those who think that Intel is super cheap after an 18% drop after market and are prepared to either hold it out or profit from the sudden drop by buying it, pls STOP making your decision based on “low price” or “cheap”. Cheap is never a good indicator for anyone to invest in a stock. Do yourself a favour and google Intel, how it is faring against its competitor, when its foundry fabs will start operating and generating money.
- Its offering of data centre CPUs are the least competitive and among the worst in performance/efficiency.
- Its current desktop CPUs 13/14 Gen are facing instability issues with random clashes and permanent CPU damage. PC Enthusiasts are losing confidence in Intel CPU and are switching over to AMD. go reddit r/buildapc . I have never seen it to be so bad before in r/buildapc where ALMOST EVERYONE is just buying or being recommended to buy AMD for their next CPU. Saving grace is that general public just does not know yet but slowly and surely it will put a dent in Intel’s image/confidence which will directly affect Intel’s sales.
- Next release of Lunar Lake on 3rd Sep is for mobile devices. Even if it is good, it will not contribute much to the Q3 ER.
Once again, DO NOT believe what I say. Go check out yourself.
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