Shares of $INTC have risen by more than 180% just this year and are up over 450% since last year, which is crazy. I don't think any of us expected such a turnaround in $INTC stock. Personally, that rise seems exaggerated to me and I don't know what the company's valuation is based on to be so high. Such growth would make much more sense to me for $AMD or $NVDA, but not for $INTC.
Do you think a correction will come and $INTC shares will fall to a more reasonable price, or will the rocket-like rise continue and they surpass $200 by the end of the year?
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So it probably jumped because Apple might want processors from them, right?
I agree with the assessment that it’s FOMO. My view is that the market is sensing this huge demand for processors, the AI frenzy, etc. Iran is partly to blame too — it’s "forcing" investors to look for a more stable haven, and AI and processors act as that safe harbor. When sentiment turns, I think Intel will be the first to get hit. AMD will fall as well, but Intel will, in my opinion, be hit harder.
Intel has brutally disappointed me. I held a position for a long time and eventually sold it at a loss. I didn’t for a moment consider buying it back. Maybe I’m wrong, but that company is dead to me.
It's more like FOMO now