[versale]

Intel’s P/E is 7 right now. So, the other ratios do look inflated.

[deepnotderp]

That’s because the market calculates a high probability of an Intel implosion

[PartiallyTyped]

With an engineer on the helm, rehiring big names in the field, opening more fabs, and having access to TSMC's newest node over AMD[1].. it seems unlikely.

[1] https://www.extremetech.com/computing/334897-amd-might-have-...

[rank0]

They’ve got plenty of cash, and they’re still the strong leader in the server space. AMD is eating away at their consumer grade cpus I concede.

I would be shocked if we had an intel “implosion” they have a sustainable and successful business model and there’s no world where we need fewer processors.

[55555]

Why?

[ant6n]

Intel has most of its (cpu) market right now so not exactly a growth stock. The market doesn’t believe in the new growth potentials (gpu, fabs). Intel also pays 3.3% dividend right now, not exactly a growth strategy. Also, the market may stay irrational for a while. Also, many investments are in the form of funds, etfs etc. so stocks will tend to move together, esp if in the same sector.

[dilyevsky]

Blue chips and intel in particular always had low p/e

[kgwgk]

For some values of “always”. In 1972 Coca-Cola traded at 48 times earnings.