Intel (INTC) is on the comeback trail. The chip giant has lost its luster in recent years, as both Nvidia and AMD have delivered superior products and eaten away at its market share. But Intel is certainly outperforming its hipper rivals in 2021. Year-to-date, the stock is up by 29%, delivering far better returns than both rivals, while the SOX - the major semiconductor index – is up by only 9%. New CEO Pat Gelsinger has wasted no time in putting his stamp on proceedings. The new man at the helm laid out Intel’s IDM (integrated device manufacturer) 2.0 strategy last week, and Needham’s Quinn Bolton liked the latest developments.
https://www.tipranks.com/news/article/intel-stock-stages-a-big-comeback-analyst-says-buy