Amid the on-going bull run of technology stocks, the ailing Intel share price stood out like a sore thumb. With a P/E ratio of just 9.3, Intel share price is currently being traded at levels way below its competitors, (e.g. AMD and Qualcomm). AMD share price is being traded at P/E ratio of 163 while Qualcomm share price is traded at 50. As one of the leading lights of Nasdaq, has Intel share price lost its shine?
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Year-to-date, Intel share price has fallen by 16%. This is in deep contrast to the PHLX Semiconductor Sector Index (SOX), which soared 20% year-to-date. Furthermore, Nasdaq index has soared to record highs for the past few weeks. So the fall of Intel share price must have given investors plenty of sleepless nights....