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Semiconductor giants Advanced Micro Devices and Intel witnessed a downturn on Monday, March 25 after China changed its guidelines.
Intel is poised to benefit from government incentives to expand the domestic production of semiconductors.
Intel stock is performing relatively well as a confluence of macroeconomic factors is starting to work in its favor.
Intel is trying to capture a growing share of the personal computing market as the industry rebounds in 2024.
Intel stock dropped 12% after the company reported Q4 earnings. Is it a buy right now?