AllAnalyst Report
logoMorningstarOctober 26, 2020

Intel Corporation: Intel’s Q3 Results and Q4 Outlook Highlight Competitive Pressures; Long-Term Still Promising

Symbols
INTC
Sector(s)
Technology
Rating
Premium
Current Price
$47.90
Fair Value
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Economic Moat
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Stewardship
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Summary

Intel is one of the world's largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It is also the prime proponent of Moore's law for advances in semiconductor manufacturing. While Intel's server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has declined. These include areas such as the Internet of Things, memory, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, recently acquiring Altera, Mobileye, Nervana, Movidius, and Habana Labs in order to assist its efforts in non-PC arenas.

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