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2 reasons why Intel's (INTC) stock break-out can continue
September 8, 2023 9:27 AM EDTBeaten-down U.S. semiconductor stock Intel (NASDAQ: INTC) is up 45% year-to-date but the momentum can continue as fund managers are massively underweight the stock and it is seen as a domestic semiconductor winner as the U.S.-China trade war intensities, highlighted by the recent news that China is putting restrictions on government officials using Apples iPhones.
"How long can long only mangers continue to underweight or avoid INTC?," Mizuho desk analyst Jordan Klein asks in a note to... More
