Summit Insights analyst KinNgai Chan keeps a Buy rating on the stock after its worse than expected Q4 results and Q1 guidance. The outlook was worse than anyone would have predicted, but it also likely encapsulated all the current challenges the company is facing, the analyst tells investors in a research note. Intel’s PC total addressable market expectation of 270M for 2023 is higher than the firm’s call for 260-265M, but its industry checks also indicate that the PC client market share loss has stopped, Summit Insights says.
Published first on TheFly
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