My confidence in Intel (INTC) has wavered after the recent CEO shakeup, leading me to shift my focus to AMD (AMD) as a more promising investment. With a solid leadership team and a strong market position, AMD is poised for significant growth potential. I believe that AMD has the capacity to deliver impressive returns of 60% or more within the next two years.
The removal of Pat Gelsinger as Intel’s CEO on December 1, 2024, prompted me to revise my stock rating from Buy to Hold. The board’s decision reflected doubts about Gelsinger’s ambitious plans and costly strategies, particularly his emphasis on establishing Intel Foundry Services for advanced semiconductor manufacturing. This move was crucial for reducing reliance on chip production in Taiwan and its proximity to China.
Despite these developments…
2024-12-13 11:54:56
Link from finance.yahoo.com
