Intel: Insane Valuation Going Into Earnings

Intel Corporation has rallied on multiple expansions, but the current valuation appears stretched ahead of Q2 earnings. I expect Q2 results to show a small net profit and 12% year-over-year revenue growth, lagging AI-driven semiconductor peers. I maintain a Hold rating on INTC stock due to modest growth versus sector leaders and a high price relative to expected earnings.

Intel Corporation (INTC) has seen its shares rally over the last year, but this was the result of multiple expansions to a significant degree.