$Intel(INTC)$ The news that Intel is eligible for government funding to produce chips for the military is certainly encouraging and could provide a long-term boost to the company's growth and revenue. That said, I am holding off on buying the stock right now. While the news is promising, I still believe the stock is currently overvalued, especially considering the broader market environment and Intel's recent performance. I am looking for a more attractive entry point, ideally around $13, before I consider a move. If it reaches that price, it would offer a better risk-reward balance for me.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments