China’s recent decision to phase out foreign microprocessors in government PCs and servers in favor of local manufacturers caused a stir in the semiconductor industry, impacting giants like Advanced Micro Devices Inc AMD and Intel Corp INTC, resulting in a downturn on March 25.
The market witnessed volatility with Semiconductor ETFs such as the VanEck Semiconductor ETF SMH, iShares Semiconductor ETF SOXX, and Direxion Daily Semiconductor Bull 3x Shares ETF SOXL all experiencing turbulence.
In response to this uncertainty, investors turned to key players like Nvidia Corp NVDA, Intel, AMD, and Micron Technology Inc MU for stability.
Intel Leads on Fundamental Front
| 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 |
While Nvidia, AMD, and Micron lead on Price-to-Earnings (P/E) ratios, Intel shines on the Price/Sales and EV/Sales fronts as per fundamental analysis.
Intel Stock Impacted by Technical Factors
Despite strong trends in the medium to long term, Intel stock displays bearishness in the short term with indicators pointing towards potential bullish movement.
Trading below key moving averages and signaling bearish trends, Intel faces a mixed outlook in the market. Technical indicators like Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) hint at uncertainties despite its fundamental strengths.