Semiconductor giants Advanced Micro Devices Inc AMD and Intel Corp INTC faced a downturn on Monday, March 25 following China’s announcement of new guidelines, phasing out foreign microprocessors in government PCs and servers.
China’s decision to target chipmakers in favor of homegrown solutions sent shockwaves through the semiconductor market, leaving investors seeking stability amidst the turbulence. Semiconductor ETFs such as the VanEck Semiconductor ETF SMH, the iShares Semiconductor ETF SOXX and the Direxion Daily Semiconductor Bull 3x Shares ETF SOXL experienced volatility as well.
Amidst this volatility, we turn to key players offering potential amid the uncertainty. They include Nvidia Corp NVDA, Intel, AMD, and Micron Technology Inc MU.
Intel Shows Promise in Fundamentals
| P/E Fwd | Price/Sales | EV/Sales | |
| Nvidia | 38.26 | 38.50 | 38.14 |
| Intel | 30.86 | 3.23 | 3.78 |
| AMD | 49.00 | 12.71 | 12.61 |
| MU | 183.23 | 7.03 | 7.34 |
Also Read: What’s Going On With AMD, Intel Stock Monday?
Fundamental analysis reveals that while Nvidia, AMD, and Micron boast higher Price-to-Earnings (P/E) ratios compared to Intel. Intel appears to be more favorably placed on Price/Sales and EV/Sales bases.
Mixed Signals in Intel Stock’s Technicals
However, technical indicators paint a different picture. Intel stock shows strong development within a rising trend channel in the medium to long term, indicating positive growth and increasing buy interest among investors.
Yet, the stock’s current trend appears strongly bearish, with buying pressure suggesting potential future bullish movement.
Intel stock also lags below its 5, 20, and 50-day exponential moving averages, indicating a bearish trend. The Moving Average Convergence Divergence (MACD) indicator gives bearish signals, while the Relative Strength Index (RSI) points to oversold conditions.
While Intel stock seems to be in a better position compared to its semiconductor peers in various aspects, technical analysis presents a mixed outlook. The medium-to-long term shows promise, but the short-term trend appears bearish.
Read Next: AMD, Intel Face Setback As China Moves To Ditch Their Chips, Microsoft Windows In State Computers
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