Where Will Intel Stock Be in 5 Years?

Due to a slowdown in the personal computer (PC) sector as well as the general market sell-off, Intel (NASDAQ: INTC) stock has lost approximately half of its value in 2022.

In addition, Advanced Micro Devices gained market share (NASDAQ: AMD). A closer examination reveals that the market's recurrent underperformer is the chip industry titan.

Chipzilla stock has decreased 33% during the last five years. Over the same period, the Nasdaq-100 Technology Sector index rose 47%.

Intel management stated that the company anticipates sales growth in the mid- to high single digits in 2023 and between 10% and 12% in 2026 at its investor meeting in February 2022.

Intel management stated that the company anticipates sales growth in the mid- to high single digits in 2023 and between 10% and 12% in 2026 at its investor meeting in February 2022.

For instance, Intel originally projected that it would earn $3.50 per share and generate $76 billion in revenue by the end of 2022.

Due to the declining PC market and AMD's rivalry in data centres, it was obliged to decrease its guidance in July to a range of $65 billion to $68 billion.

According to consensus projections, Intel could end 2022 with $65.5 billion in revenue, a 12% decrease from the previous year.