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Intel stock dropped 12% after the company reported Q4 earnings. Is it a buy right now?
In this video, I will go over Intel's (INTC -1.63%) fourth-quarter earnings report. The company reported a beat on top and bottom lines, but guidance for next quarter fell well below analysts' expectations. The chip giant still has a long way to go to get back to its previous leadership position.
*Stock prices used were from the trading day of Jan. 29, 2024. The video was published on Jan. 29, 2024.
Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 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.
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