Intel was literally at $25 in February last year, that's the 10-years-ago stock price.
Intel's P/E was about 50 at that time, AMD was over 1000. That's "throwing in the towel" in as pointed of a way that the market can possibly do.
Intel's P/E was about 50 at that time, AMD was over 1000. That's "throwing in the towel" in as pointed of a way that the market can possibly do.
1) Intel is up 100% from ten years ago when it was at $ 23. All that despite revenue being flat/negative, inflation and costs rising and margins collapsing.
2) Intel is up 60% in the last 12 months alone.
Doesn't look to me like they throwing the towel at all.