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.
Note
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.