“If You Own AMD Stock, Intel's Earnings Crash Changes Everything”
AI summary · He is long-term constructive on INTC, ranking it second or third on his list alongside Qualcomm if next year's guidance turns optimistic; near term he sees no reason for a price premium, since Q4 guidance badly missed, a client-computing decline of more than 20% outweighs data-center growth, and capacity expansion does not arrive until 2027.
Intel recently announced its earnings, and unfortunately, its fourth-quarter guidance came in much lower than expected, causing the stock to drop by about 30% the following day.
We continue to hear stories about shortages of central processing units, yet Intel has provided guidance that falls far short of expectations.