{"id":407414,"date":"2026-04-19T23:42:18","date_gmt":"2026-04-19T23:42:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/407414\/"},"modified":"2026-04-19T23:42:18","modified_gmt":"2026-04-19T23:42:18","slug":"intels-comeback-gathers-pace-with-record-breaking-advance-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/407414\/","title":{"rendered":"Intel\u2019s comeback gathers pace with record-breaking advance \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \"><a href=\"https:\/\/www.irishtimes.com\/tags\/intel\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/intel\">Intel<\/a>, long written off, is back. The company, which employs 4,900 people in Ireland, has been one of 2026\u2019s story stocks, soaring 65 per cent. <\/p>\n<p class=\"c-paragraph paywall \">Shares have more than tripled since August, with much of those gains coming during a recent record-breaking spell. <\/p>\n<p class=\"c-paragraph paywall \">A gain of 56 per cent in just nine trading days marks the best run since at least 1984, notes Bespoke Investment. Shares are more than 75 per cent above their 200-day average, a level seen only a handful of times in the stock\u2019s 55-year history.<\/p>\n<p class=\"c-paragraph paywall \">It\u2019s quite the turnaround, given Intel traded 50 per cent below its 200-day average less than two years ago, one of its deepest discounts in history.<\/p>\n<p class=\"c-paragraph paywall \">Some readers may think the stock was dirt cheap then and that they should have loaded up. Intel traded below the value of its assets near the bottom, a point widely noted at the time.<\/p>\n<p class=\"c-paragraph paywall \">However, hindsight is easy; investing is anything but. Even after August 2024\u2019s share price collapse, the stock went nowhere for a year. <\/p>\n<p class=\"c-paragraph paywall \">Cheap for a reason? Many analysts thought so. Being cheap is not enough; a turnaround needs a catalyst, which arrived with Intel\u2019s Irish Fab 34 buyback and new partnerships including Elon Musk\u2019s Terafab project and Alphabet\u2019s commitment to future Xeon processors.<\/p>\n<p class=\"c-paragraph paywall \">Today, Intel is far from cheap. While its $340 billion (\u20ac288 billion) market capitalisation remains below 2000\u2019s peak, Intel trades on 125 times forecast earnings \u2013 well above dotcom-era levels. <\/p>\n<p class=\"c-paragraph paywall \">Price-earnings ratios can be unreliable during earnings turnarounds, and Intel\u2019s price-sales ratio of 5.5 looks more reasonable, though still up sharply from 1.8 a year ago.<\/p>\n<p class=\"c-paragraph paywall \">For now, investors are no longer debating whether Intel is cheap, but how far the re-rating can run.<\/p>\n","protected":false},"excerpt":{"rendered":"Intel, long written off, is back. The company, which employs 4,900 people in Ireland, has been one of&hellip;\n","protected":false},"author":2,"featured_media":407415,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,605,61,13321,60],"class_list":{"0":"post-407414","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-elon-musk","10":"tag-ie","11":"tag-intel","12":"tag-ireland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/407414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=407414"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/407414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/407415"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=407414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=407414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=407414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}