Intel (INTC) posted third quarter results showing an adjusted loss per share of $0.43, while revenue reached $13.28 billion, exceeding estimates of $13.02 billion.
Moor Insights & Strategy CEO, founder, and chief analyst Patrick Moorhead joins Market Domination Overtime to analyze the results.
“I think any good news was good news for this stock that is trading well below book value,” he states.
While noting that Intel continues to make substantial investments, Moorhead points out the company is working to “reduce overlaps.” Despite current challenges, he sees a long-term opportunity, stating, “the best is really yet to come for this company and requires some patience and belief.”
Looking ahead, Moorhead identifies 2025-2026 as “the ultimate proving ground for Intel,” highlighting that the company will introduce the latest nodes and devices offering improved performance at lower costs. “To me, you’re truly gonna see the capabilities on the CPU side,” he tells Yahoo Finance.
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