Intel Corp
INTC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$84.00 | Kqwp | Xcgrhhlb |
Intel Earnings: We Expect Numerous Headwinds to Ebb Over 2023, Though Competition Remains Intense
Intel reported first-quarter results slightly ahead of our expectations, though the chipmaker remains challenged by weak PC and server demand and competitive pressure from AMD. The firm continues to make progress on its IDM 2.0 strategy to fix its manufacturing process technologies, but we expect Intel’s financial results to remain under duress until 2024 as it navigates margin pressure and soft end-market demand.