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# Intel: Still Likely To Underperform (Archive)
- URL: https://www.huntingalphas.com/intel-still-likely-to-underperform-archive-copy/
- Published: 2024-11-28T15:42:00.000Z
- Updated: 2026-02-28T03:17:58.000Z
- Description: Intel remains a strategically challenged laggard, unlikely to justify its premium valuation.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, INTC, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- The market is more confident on Intel's earnings than revenues due to headcount reductions and slower-than-expected uptake of Gaudi 3.
- Management has promised positive adjusted FCF by 2025\. However, I am more concerned with GAAP positive FCF, which is not expected to occur over the next 3 years.
- Intel's Valuation multiples are still above longer term median levels. Due to its worse competitive position, I don't believe Intel deserves a premium over its historical valuation range.
- Relative technicals show no signs of multi-quarter bullishness. The incumbent downtrend is still strong and intact.
- Biden's government has reduced the direct funding to Intel under the CHIPs Act. And the incoming Trump administration may curtail this further as a result of preferring tariffs over subsidies to support the US semiconductor industry.

Read the full article [here](https://seekingalpha.com/article/4740974-intel-still-likely-to-underperform?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*