Intel – Are We Near A Bottom?

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ValueWalk

Intel stock may be nearing the bottom of a long downtrend.The stock offers a deep value and high yield that may be too attractive to pass up.The turnaround may now include a foundry as Intel repositions for the future.To answer the question of whether Intel (NASDAQ:INTC) is near the bottom the best response right now is yes but it’s too soon to start investing large chunks of capital into the business. The announced spin-off of Mobileye and the issues around its valuation have come as a surprise to the market that may weigh on share prices in the near term. Q3 2022 hedge fund letters, conferen…

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