A sensible approach if you believe in what you are doing.
Intel’s record-breaking share price plunge last week certainly presented some opportunities for investors, including current CEO Patrick Gelsinger, who is reportedly Seeking Alphahas purchased a total of more than 70,000 shares of the issuer through his trust funds this week. Given that the stock price has been hovering around $20 a share these days, the head of Intel had to spend just under $1.5 million on the deals.
Image source: Intel
Mizuho analysts, cited by the same sourceassigned a neutral investment rating to Intel shares and lowered their target price forecast from $36 to $22. In their opinion, Intel is unlikely to be able to catch up with NVIDIA and AMD, and the company will continue to lose ground in all key market segments. The emergence of new processors with artificial intelligence acceleration will not be enough to turn the tide, experts believe.
