Intel said it plans to spin off its programmable chip unit and make an initial public offering within two to three years. I don't really know how to view this news, positive or negative? The $INTC+0.5% stock initially weakened today but is already going back into the black.
Intel
INTCCapital Structure
Market Cap
129.9B
Enterpr. Val.
174.7B
Valuation
P/E
31.5
P/S
2.3
Dividends
Yield
1.6%
Payout
51.8%
I really like Intel and Gelsinger's vision, so I believe this will move Intel a little closer to achieving their goal.
As long as it's good for the company and brings more innovation and money, I'm all for it👍.