It’s no secret that politics play a significant role in business decisions, and Intel’s recent interactions with the Biden Administration exemplify this. Following delays in funding from the CHIPS Act, Intel’s plans to manufacture chips in the U.S. were put on hold in multiple states. However, a recent turn of events saw Intel receiving $8.5 billion in funding along with other incentives, signaling a positive shift.
With the long-term prospects looking strong, Intel’s shares are trading positively, indicating a bullish trend. As Intel transitions into a new phase, similar to companies like IBM and General Electric, investors can expect potential growth and value in the semiconductor industry.
Bottom Line
With the emergence of a new Intel, investors may find the current stock price of $42 to be a bargain, considering the company’s future trajectory. Chris Johnson, an experienced analyst, believes in Intel’s long-term potential and sees a promising future ahead.
About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.
