Intel (NASDAQ:INTC) stock is considered an also-ran, with Nvidia (NASDAQ:NVDA) and AMD’s (NASDAQ:AMD) chips drawing the eye. But now, there’s an $11 billion equity infusion offered by Apollo that could transform its chip manufacturing process. Plus the $8.5 billion in upgrade funding from the Biden administration.
Under the leadership of reinstated CEO Pat Gelsinger, Intel has launched an ambitious plan for resurgence. Downsides include disappointing Q1 results and lower-than-expected Q2 guidance. Geopolitical tensions between the U.S. and China could affect Intel’s supply chain and costs. Here are the bull and bear cases for INTC stock to help you decide.
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