$INTC getting crushed in the pre-market today. Down nearly 14% as we head to the market open. It was a favourite of mine over the last couple of years but the delays in the 7nm chip release were already a problem towards the end of last year and I currently have no position in them.
I’m going to be tempted to dip my toe in the water with them if they fall a bit more as I think there is a lot of opportunities out there for Intel still and it only take one press release to say they have solved an issue related to these delays to make all the Wall Street analysts start talking positively.
With a solid dividend, strong cash follow situation and an active CVC division, I would eye a couple of add-in if they get dragged lower by the overall markets in the next few months (I think a correction is on the way) ready for when Intel make that next leap.
Just some thoughts, need to read a bit more analysis of their results and look at next years expectations.
Thanks for your time.
$INTC $SOXX $DJ30
