Investors should also remember that Lenovo managed to grow market share despite the overall decline in PC sales. This means that Intel shares could be near a bottom, and that the negative returns over the last 6 months could reverse.
Investors who made strong gains in Qualcomm and ARM Holdings could book profits, and switch to Intel. Qualcomm was recently removed from Goldman Sachs’ buy list.
ARM Holdings may be a less compelling stock to sell. In February, the company reported Q4 earnings that showed a 21% increase in royalty revenue. The company also expects to continue to gain market share.
Written by Chris Lau, KAPITALL Contributor