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Opinions Bryn Talkington
IntelINTCDON'T BUYMar 20, 2024
Stock price when the opinion was issued
As of Jun 15, 2026. Market Open.
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Since the current CEO took over a year ago, shares have rallied 321% and has given earnings surprises. This is one of the greatest turnarounds he's ever seen. Their high-end CPUs are essential to data centres. In a time of chop shortages, Intel has been building its US capacity. Their latest quarter was super, and they can't keep up with demand.
He didn't trade it this week as it made new highs. He bought it last December at $40. Last Friday, it was in the $80s and held because momentum looked great. Next week, he may trade or do a covered call. It's a trade now. Sometimes you let it run--gosh, he hasn't seen a run like this.
He didn't trade it this week as it made new highs. He bought it last December at $40. Last Friday, it was in the $80s and held because momentum looked great. Next week, he may trade or do a covered call. It's a trade now. Sometimes you let it run--gosh, he hasn't seen a run like this.
Kevin SimpsonFor semiconductor exposure, she prefers NVDA, AVGO, and QCOM -- higher-quality ways to play the space. What INTC makes is strategically important to the US government.
The turnaround is real. Earnings and EPS for Q1 blew out of the water. Unique tailwind of US government taking 10% share. Trading right around analysts' target, so don't be surprised by a pullback. On her watchlist.
Be cautious. Very expensive. About 100x PE on this year's earnings. Discounting a lot of good news and flawless execution for next several years. Owns massive fabrication plants (fabs); unlike NVDA, which designs chips but then pays others to build them.
New strategy to build new fabs, but let competitors use them -- wants to become second-largest foundry by 2030. Government investment is positive. Stock's gotten ahead of itself.
Tricky. A buy, but price is a bit ahead of fundamentals. Driven by news around US government supporting it. Still a ways to go on its turnaround, but encouraging that US government and NVDA are involved. Still trying to optimize manufacturing capacity, while everyone else is expanding. Lots of wood still to chop.
For her, it always falls short on upside. But she wouldn't be opposed to an investor buying here, especially on the pullback.
The former CEO nearly ran Intel into the ground with ambitious plans to build semis factories. but the new CEO got a bailout from Washington which bought a stake in the company. Shares rose last September and has made higher highs and higher lows ever since. On the chart, the MACD line is flashing buy. The On Balance Volume is steadily marching higher. But the RSI is in overbought territory. Lang targets $55 and eventually the high-$60s.
Bought a small position. Was up 94% last year, after left for dead for many years. Has serious investors like Nvidia behind it, which impresses him. Great managers. Some questions about it and is keeping a short leash, but it could run up.
Kevin Simpson
Semis are volatile. The CEO has done well to turn around Intel, but can they catch up to Nvidia, AMD and others. The grant is a great win for America, but Intel can't build the new facility without this grant. She doesn't see meaningful earnings growth in coming years. YOY they lost 4 cents in EPS between Q1 2023 and Q1 2024, though are forecasting here. The company is excited about laptop PCs, but this will be marginal. They need to execute, but that will take 1-3 years. Meanwhile, Nvidia estimates earnings to rise 400%.