Reported about 9 hours ago
Intel has secured a $3 billion deal with the U.S. Department of Defense under the CHIPS Act, aimed at enhancing domestic semiconductor manufacturing for national security. Despite this significant contract, Intel's stock has underperformed, with a 55% drop this year, raising concerns about its reliance on government contracts and stagnant revenue. Analysts, including Leon Cooperman, suggest that despite the deal's importance, it may not be enough to revitalize the company's growth or justify buying its shares right now.
Source: YAHOO