Why Intel's Q4 Earnings Report Was Much Better Than It Looked. Is The Turnaround Story Intact?

There aren't many deep value turnaround opportunities in the technology world these days. However, Intel (NASDAQ: INTC) is an interesting case.After falling behind Taiwan Semiconductor Manufacturing (NYSE: TSM) in process technology, Intel embarked on an ambitious and expensive turnaround plan in 2021 to retake the technology lead and produce chips for other companies. The transition is supposed to bear fruit this year.But things look ugly right now, as lower revenues and profits from less-good products combined with heavy investment in the turnaround has caused profitability to sink. Intel's stock fell 60% in 2024 and now trades below book value. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool