Intel Corp (INTC)

[Unkwn]

Sold all of my Intel position on monday this week. I don't see Intel bringing the right attitude for the changes that are required to stay on top of the semiconductor business. When was the last time they actually delivered on time? This business is more competitive than it ever was, especially the foundry business, which provides the chip volume Intel so desperately needs. Stratix 10 still isn't shipped and the company doesn't even bother to explain what is going wrong there. With that kind of execution, I have high doubts that Intel will be having any meaningful market share in the foundry space.

Memory and 3DXP are nice but you can have that as a pure play with Micron (which had a very nice run up lately). In addition, I have some doubts about the market potential for a database server niche solution. Make it price competitive with NAND, bring it in SSDs and it could be a big success. As DIMMs? Doubt it.

The mobile business is essentially lost with Intel basically giving up without even further trying. That's billions down the drain. Standalone modems are a thing of the past, so not much for Intel to gain here either.

AMD is likely to have a better competitive position than they had in years. They may not take much volume from Intel but it will have an impact on Intel's margins. Even with a recovery of the PC market, it may not fully compensate Intel's PC business.

Last but not, much of the run up in Intel's share price over the last months priced in much of a recovery in the PC market and the Trump rally isn't here to stay. I see the US stock market as highly overpriced with such an administration which is about to harm the US economy badly. I'm pretty bearish for US stocks for the coming years, at current prices. Time for me to sell US stocks, including Intel.