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Intel: Spending Itself Into A Hole

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  • Intel Corporation reported Q1 2023 results that were better than feared, but the company burned a ton of cash during the March quarter.
  • The chip giant saw net debt soar during the quarter due the loss, large capex spending and the payment of the last large dividend.
  • Intel Corporation stock is expensive at $30 with debt soaring, and with the best expectations for an EPS to top $2 not until 2025 at the earliest.
Intel Corporation (NASDAQ:INTC) got a quick pop on better than feared Q1 2023 results, but the numbers by no means were good. The chip giant saw its only growing business unit see

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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