Semiconductor behemoths Advanced Micro Devices Inc AMD and Intel Corp INTC faced a downturn on Monday, March 25 due to China’s unveiling of fresh guidelines, phasing out foreign microprocessors in government PCs and servers.
China’s targeted strike against chip giants in preference of native solutions jolted the semiconductor landscape, leaving investors yearning for stability amid the tempest. Semiconductor ETFs like the VanEck Semiconductor ETF SMH, the iShares Semiconductor ETF SOXX, and the Direxion Daily Semiconductor Bull 3x Shares ETF SOXL tumbled in response.
Amidst this tumult, we delve into key players offering value amidst the uncertainty. They encompass Nvidia Corp NVDA, Intel, AMD, and Micron Technology Inc MU.
Intel’s Fundamental Stance
| P/E Fwd | Price/Sales | EV/Sales | |
| Nvidia | 38.26 | 38.50 | 38.14 |
| Intel | 30.86 | 3.23 | 3.78 |
| AMD | 49.00 | 12.71 | 12.61 |
| MU | 183.23 | 7.03 | 7.34 |
Fundamental scrutiny unveils that while Nvidia, AMD, and Micron showcase higher Price-to-Earnings (P/E) ratios compared to Intel, the latter appears stronger on Price/Sales and EV/Sales metrics.
Intel Stock’s Technical Evaluation
Chart: Benzinga Pro
Nonetheless, technical indicators sketch a different narrative. Intel’s stock displays robust progress within an ascending trend channel in the medium to long term, pointing towards positive advancements and a surge in investor interest.
Nevertheless, the stock’s present trend is categorized as strongly bearish, with purchasing pressure hinting at potential future upward momentum.
Additionally, Intel’s stock lingers below its 5, 20, and 50-day exponential moving averages, accentuating a bearish trajectory. The Moving Average Convergence Divergence (MACD) indicator signals bearish tendencies, while the Relative Strength Index (RSI) suggests oversold conditions.
While Intel’s stock seems relatively well-positioned compared to its semiconductor counterparts across various measures, technical evaluations depict a mixed scenario. While the long-term outlook appears promising, the short-term landscape appears bearish.
Read Next: AMD, Intel Face Setback As China Moves To Ditch Their Chips, Microsoft Windows In State Computers
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