Intel Stock Earnings: Is the Company Back on Track Now?

By Neil Rozenbaum – Oct 26, 2023 at 5:15PM

NASDAQ: INTC

Intel

Market Cap

$135B

Today's Change

(-9.20%) -$3.23

Current Price

$31.88

Price as of April 26, 2024, 4:00 p.m. ET

Intel stock is up 6% after the company reported Q3 earnings. Is INTC stock a buy right now?

In this video, I will go over Intel's (INTC -9.20%) third-quarter earnings report. The company reported a beat on top and bottom lines tonight, and the market is loving it. The chip giant still has a long way to go, but things are starting to look much better.

*Stock prices used were from the trading day of Oct. 26, 2023. The video was published on Oct. 26, 2023.

Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.