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Motley Fool
Intel Stock Crashed Today — Is It a Buy?
Since crashing hard after earnings last month, Intel (NASDAQ: INTC) spent much of the last three weeks clawing its way back higher — and even approached its pre-earnings share price last week. All that hard work was undone in a day, however — today, to be precise — when Intel unveiled its “2022 and long-term growth strategy” last night. In its presentation, Intel described how, over the long term, it intends to rebuild its business, first reaccelerating sales growth into the “mid-to-high-single digits” range in 2023 and 2024, then stepping even harder on the gas pedal, and racing ahead to 10% to 12% annual revenue growth by 2026.
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