INTC

Intel Corp

Tech investing

What These Overly Pessimistic Intel Stock Ratings Are Missing (Nasdaq: INTC)

A wave of negative Intel stock ratings and price target reductions over the past couple of months has weighed heavily on Intel Corp. (Nasdaq: INTC) shares.

And while the world's biggest chipmaker has hit a few bumps while it transitions from its historic dependence on the PC market to the growing mobile and data center markets, Wall Street has overreacted.

Here's why it's a mistake to write off Intel stock right now

Semiconductor industry

Intel Stock Needs the Altera Deal to Happen (INTC) (ALTR)

Intel stock nudged up today (Friday) as yet another report hinted that the iconic chipmaker was close to an acquisition of Altera Corp. (Nasdaq: ALTR) for $15 billion.

It was just the latest rumor of a merger between the two companies. The news sent INTC stock up 1.46% – and for good reason.

Altera will give Intel a huge boost in the one area destined to produce the bulk of its profits in the years to come.