Getting ready to buy the dip on Intel $INTCB !
It’s currently at $68. After yesterday’s earnings report, the stock plunged more than 25%, but third-quarter revenue actually grew 21%, while its data center and AI businesses grew an impressive 78%.
The main reasons this time were fourth-quarter guidance that fell short of expectations, weak PC demand, and production disruptions at its factories.
There are definitely quite a few issues in the short term, but after a drop like this, I’m ready to start buying in installments.
It’s currently at $68. After yesterday’s earnings report, the stock plunged more than 25%, but third-quarter revenue actually grew 21%, while its data center and AI businesses grew an impressive 78%.
The main reasons this time were fourth-quarter guidance that fell short of expectations, weak PC demand, and production disruptions at its factories.
There are definitely quite a few issues in the short term, but after a drop like this, I’m ready to start buying in installments.