To The Moon

🌟🌟🌟$Intel(INTC)$ shares fell 1.8% today and in the past 5 trading days, Intel has dropped 13%. Intel is now down by 20% year todate. However it was up 16% in 2023. Intel shares fell 4% in extended trading last Tuesday after it revealed its financial results for its Semiconductor Manufacturing business called foundry business in an SEC filing. Intel said that its foundry business recorded an operating loss of USD 7 billion in 2023 on sales of USD 18.9 billion. That is a wider loss than the USD 5.2 billion Intel reported in its foundry business in 2022 on USD 27.5 billion in sales. This is the first time that Intel has disclosed revenue totals for its foundry business alone. Historically Intel has both designed its own chips as well as done its own manufacturing and reported final chip sales to investors. In contrast Intel 's peers such as $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$ design their chips but send them off to $Taiwan Semiconductor Manufacturing(TSM)$ for manufacturing. Intel said that it would continue to make its own processors but would start an external foundry business to make chips for other companies too. Intel's role as one of the few US companies in this foundry business, has helped it secure nearly USD 20 billion in Chips and Science Act in March 2024. Pat Gelsinger CEO of Intel said that Intel Foundry is going to drive considerable earnings growth for Intel over time. 2024 is the trough for the foundry operating losses. Wall Street Analysts are bullish on Intel with a Buy rating, Target price of USD 45.23, an upside potential of 19% according to Tipranks. Is it time to buy Intel shares? I believe it is a Yes as Intel has lots of upside potential with strong support from the US government. @Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @CaptainTiger @TigerClub @Tiger_SG