Intel (INTC)

Aug 29, 2022Trade Ideas

Over the last year, shares of Intel (INTC) have been a disaster.

In fact, since topping out around $65 in 2021, it’s now down to $33.36. However, investors may not want to count the stock out just yet.

For one, it could benefit from the $280 billion CHIPS and Science Act. In fact, according to OregonLive.com, “Intel, which is building two factories in Arizona and at least two more in Ohio, stands to be the biggest single beneficiary. Its payouts will likely total several billion dollars or more, arriving gradually through 2031.”

Two, Intel CEO Pat Gelsinger just bought more stock. According to a US SEC filing, he paid $501,153 for 14,800 shares. This is now his third investment in INTC this year. While markets and tech stocks are taking a hit, INTC does have some encouraging catalysts.


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