This stock interests me a lot rn.
From a health perspective right now, the company's not great. Tons of debt, no free cash flow, etc.
BUT, the US gov recently acquired a ~10% stake in the company, and Nvidia looks like it's starting to lose it's chip-making dominance, particularly as China literally just announced a ban on buying Nvidia chips this week. The US Gov is ultimately going to want to see a return on that investment too.
I think this could give Intel an opportunity to fill the domestic chip-making gap if Nvidia starts to unwind. Obviously this is just my blue sky, hopium thinking here. I have zero idea how this will actually play out. All I know is, Nvidia is wildly overvalued and due for a correction, while Intel is comparably much cheaper and has US Gov backing.
This, coupled with a strong monthly RSI divergence, makes me think that it won't be long before we COULD see INTC stock retrace back to its ATH ~$70+.
NFA, DYOR.
If you have a similar theory, or an opposing argument, let me know in the comments.
From a health perspective right now, the company's not great. Tons of debt, no free cash flow, etc.
BUT, the US gov recently acquired a ~10% stake in the company, and Nvidia looks like it's starting to lose it's chip-making dominance, particularly as China literally just announced a ban on buying Nvidia chips this week. The US Gov is ultimately going to want to see a return on that investment too.
I think this could give Intel an opportunity to fill the domestic chip-making gap if Nvidia starts to unwind. Obviously this is just my blue sky, hopium thinking here. I have zero idea how this will actually play out. All I know is, Nvidia is wildly overvalued and due for a correction, while Intel is comparably much cheaper and has US Gov backing.
This, coupled with a strong monthly RSI divergence, makes me think that it won't be long before we COULD see INTC stock retrace back to its ATH ~$70+.
NFA, DYOR.
If you have a similar theory, or an opposing argument, let me know in the comments.
ملاحظة
Forgot to mention - the volume spike recently also has me kind of excited. Finally seeing bars pick up after a decade-long lull in volume
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