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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (70793)7/29/2022 7:35:29 PM
From: The_Commodore  Read Replies (1) of 78740
 
Maybe not a bright spot, but one way of looking at it is just mean reversion. Reduction in revenues largely due to client computing and data centers. When it comes to CCG, largely a reduction back in line to 2019 levels. Considering that 2020-2021 was likely increased due to work-from-home (hence the increase in notebook associated sales), this shouldn't be too much of a concern. Considering two consecutive quarters of negative GDP, this (and I assume the lower data center sales) doesn't seem all that concerning to INTC. Additionally, their balance sheet remains solid, despite a slight decrease in their current ratio QoQ. With the CHIPS Act acting as a potential tailwind, I wouldn't consider selling any INTC due to one disappointing quarter.

Just my two cents.
- Bill
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