Tech Sell-Off Takes QQQ To Correction Territory, Nvidia Sheds Over 5% For Week: Analyst Says 'Just A White Knuckle Moment In A Multi-year Bull Run'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2024
0mins
Should l Buy INTC?
Source: Benzinga
Tech Sector Decline: The tech sector faced a significant decline in the week ending August 2, with major ETFs and stocks like Intel and Nvidia experiencing substantial losses due to mixed earnings reports and macroeconomic concerns, leading to a correction in the Nasdaq 100 Index.
Future Outlook: Despite the recent sell-off, analyst Daniel Ives remains optimistic about the tech market's long-term growth potential, particularly driven by advancements in artificial intelligence, and anticipates a favorable environment for smaller tech companies as the Federal Reserve may initiate rate cuts.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy INTC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 46.480
Low
20.00
Averages
39.30
High
52.00
Current: 46.480
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company operates through three segments: Intel Products, Intel Foundry, and All Other. Its Intel Products segment includes Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX). The CCG is bringing together the operating system, system architecture, hardware, and software application integration to enable PC experiences. DCAI delivers workload-optimized solutions to cloud service providers and enterprises, along with silicon devices for communications service providers, network and edge, and HPC customers. NEX helps networks and edge compute systems from fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Intel Foundry segment comprises technology development, manufacturing and foundry services. All Other segments include Altera, Mobileye, Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Intel Stock Rebounds but Fundamentals Lag Behind
- Stock Rebound: Intel's stock nearly doubled in 2025, yet the company's fundamental business metrics remain unhealed, indicating disappointment among long-term shareholders.
- Revenue and Profit Decline: In 2022, Intel's revenue plunged by 20% and net income fell nearly 40%, with a further 80% drop in net income in 2023, reflecting the impact of high inflation and macroeconomic pressures on demand.
- Management Changes: Following $15.9 billion in impairment and $2.8 billion in restructuring charges, Intel's board forced former CEO Pat Gelsinger to resign, appointing Lip-Bu Tan as the new CEO in hopes of revitalizing performance.
- Future Outlook: Despite a rise in gross margin to 34.8% in 2025, Intel reported a GAAP loss of approximately $300 million, as weakness in the PC segment offset gains in data center and AI sales, leaving the success of its rebound uncertain.
See More
Zcash Investors Experience Significant Profit Volatility
- Diverging Investment Returns: Investors in Zcash have seen over 800% returns over the past year, while those who invested just a month ago are down nearly 30%, highlighting the high volatility and rapid shifts in market sentiment surrounding this digital asset.
- Long-Term Strategy Release: The Zcash Foundation published its 2026 strategy at the end of January, emphasizing routine consensus upgrades and improved wallet user experience, aiming to enhance ZEC's utility as digital cash and bolster investor confidence.
- Collaborations and Capital Inflows: Ethereum founder Vitalik Buterin's recent donation to Shielded Labs to support Zcash's Crosslink upgrade indicates the network's potential for partnerships with other major blockchains and its future growth prospects.
- Positive Market Outlook: Should the capital inflows expected in 2024 and 2025 continue into the crypto market, Zcash could emerge as an intriguing investment opportunity, despite recent price fluctuations prompting some investors to take profits.
See More
Investment Potential Analysis of iShares Silver Trust
- Gold Trust Performance: The SPDR Gold Trust has surged over 70% in the past year and nearly tripled over five years, demonstrating its strong appeal as an inflation hedge amid economic uncertainty, attracting increasing investor interest.
- Surge in Silver Demand: With silver's extensive applications in AI, electronics, and medical devices, demand is expected to rise significantly in the coming years, with Grandview Research forecasting a 30.6% CAGR for the AI market.
- Investment Advantages of Silver: While gold is viewed as a stronger store of value, silver also serves as an inflation hedge and has lower correlation with the stock market, offering higher potential upside during economic cycles, especially with growing industrial applications.
- Cautious Investment Advice: Although the iShares Silver Trust offers direct exposure to silver, analysts suggest that now may not be the best time to buy, recommending investors focus on other stocks deemed to have greater potential for returns.
See More
Walmart Investors Should Exercise Caution Ahead of Earnings Report
- Strong Stock Performance: Walmart's stock has surged approximately 20% year-to-date, reaching an adjusted all-time high, and has gained nearly 29% over the past 12 months, indicating robust market performance that attracts investor interest.
- Analyst Optimism: Analysts at Oppenheimer expect Walmart's fourth-quarter holiday sales to come in at the high end of the projected growth range of 3.75% to 4.75%, reflecting market confidence in its sales performance, which could further boost the stock price.
- Market Share Expansion: Walmart has successfully attracted higher-income consumers through modernized stores and online pickup services, enhancing its position in the competitive retail market and encroaching on rival Target's market share.
- Valuation Risks Emerge: Despite Walmart reaching a $1 trillion market cap, its price-to-earnings ratio stands at 45, the highest since 2021, indicating that the stock may be overvalued, prompting investors to carefully consider their buying timing.
See More
Riot Platforms Stock Rises 5.3% Amid Bitcoin Volatility
- Bitcoin Holdings: Riot Platforms holds over 18,000 Bitcoins on its balance sheet, valued at more than $1.2 billion, providing substantial support for the stock price, particularly during Bitcoin's price fluctuations.
- Earnings Release Announcement: The company announced it will release its Q4 and full-year financial results on February 24, with investors eagerly anticipating whether Riot's transition from a Bitcoin miner to a data center and AI infrastructure player will be viewed positively by the market.
- Land Purchase Agreement: Riot has entered into a land purchase and lease agreement for approximately 200 acres in Texas with AMD, which will utilize the land for its high-performance computing needs; this partnership could significantly enhance Riot's long-term earnings potential, especially in the upcoming financial commentary.
- Market Sentiment: Although Riot was not included in The Motley Fool Stock Advisor's list of top investment stocks, investor sentiment remains relatively bullish, particularly as Bitcoin prices continue to rise, suggesting a potential improvement in market perception of Riot's future.
See More
Three Bargain Stocks to Invest In Now
- Microsoft Valuation Drop: Microsoft's price-to-earnings ratio has significantly decreased in recent months due to general weakness in the tech sector, now nearing its lowest level outside of the 2023 sell-off, providing a rare buying opportunity for investors despite its continued dominance in the industry.
- Ad Platform Challenges: The Trade Desk reported an 18% year-over-year growth in Q3, but faced headwinds from reduced political ad spending, with Wall Street projecting a 17% revenue growth for 2026; its current price-to-earnings ratio of just 13 times indicates an exceptional value for investors.
- Nvidia's Investment Opportunity: Nvidia's stock trades at a mere 24 times forward earnings, despite a projected 64% growth in FY 2027, and with global data center capital expenditures expected to reach $3 trillion to $4 trillion by 2030, this presents a compelling buying opportunity for investors.
- AI Spending Growth Outlook: With AI spending expected to continue rising over the next few years, Nvidia is viewed as an ideal investment choice; although it did not make the Motley Fool's top ten stock list, its potential returns remain a significant draw for investors.
See More
Intel Stock Rebounds but Fundamentals Lag Behind
- Stock Rebound: Intel's stock nearly doubled in 2025, yet the company's fundamental business metrics remain unhealed, indicating disappointment among long-term shareholders.
- Revenue and Profit Decline: In 2022, Intel's revenue plunged by 20% and net income fell nearly 40%, with a further 80% drop in net income in 2023, reflecting the impact of high inflation and macroeconomic pressures on demand.
- Management Changes: Following $15.9 billion in impairment and $2.8 billion in restructuring charges, Intel's board forced former CEO Pat Gelsinger to resign, appointing Lip-Bu Tan as the new CEO in hopes of revitalizing performance.
- Future Outlook: Despite a rise in gross margin to 34.8% in 2025, Intel reported a GAAP loss of approximately $300 million, as weakness in the PC segment offset gains in data center and AI sales, leaving the success of its rebound uncertain.
See More
Zcash Investors Experience Significant Profit Volatility
- Diverging Investment Returns: Investors in Zcash have seen over 800% returns over the past year, while those who invested just a month ago are down nearly 30%, highlighting the high volatility and rapid shifts in market sentiment surrounding this digital asset.
- Long-Term Strategy Release: The Zcash Foundation published its 2026 strategy at the end of January, emphasizing routine consensus upgrades and improved wallet user experience, aiming to enhance ZEC's utility as digital cash and bolster investor confidence.
- Collaborations and Capital Inflows: Ethereum founder Vitalik Buterin's recent donation to Shielded Labs to support Zcash's Crosslink upgrade indicates the network's potential for partnerships with other major blockchains and its future growth prospects.
- Positive Market Outlook: Should the capital inflows expected in 2024 and 2025 continue into the crypto market, Zcash could emerge as an intriguing investment opportunity, despite recent price fluctuations prompting some investors to take profits.
See More
Investment Potential Analysis of iShares Silver Trust
- Gold Trust Performance: The SPDR Gold Trust has surged over 70% in the past year and nearly tripled over five years, demonstrating its strong appeal as an inflation hedge amid economic uncertainty, attracting increasing investor interest.
- Surge in Silver Demand: With silver's extensive applications in AI, electronics, and medical devices, demand is expected to rise significantly in the coming years, with Grandview Research forecasting a 30.6% CAGR for the AI market.
- Investment Advantages of Silver: While gold is viewed as a stronger store of value, silver also serves as an inflation hedge and has lower correlation with the stock market, offering higher potential upside during economic cycles, especially with growing industrial applications.
- Cautious Investment Advice: Although the iShares Silver Trust offers direct exposure to silver, analysts suggest that now may not be the best time to buy, recommending investors focus on other stocks deemed to have greater potential for returns.
See More
Walmart Investors Should Exercise Caution Ahead of Earnings Report
- Strong Stock Performance: Walmart's stock has surged approximately 20% year-to-date, reaching an adjusted all-time high, and has gained nearly 29% over the past 12 months, indicating robust market performance that attracts investor interest.
- Analyst Optimism: Analysts at Oppenheimer expect Walmart's fourth-quarter holiday sales to come in at the high end of the projected growth range of 3.75% to 4.75%, reflecting market confidence in its sales performance, which could further boost the stock price.
- Market Share Expansion: Walmart has successfully attracted higher-income consumers through modernized stores and online pickup services, enhancing its position in the competitive retail market and encroaching on rival Target's market share.
- Valuation Risks Emerge: Despite Walmart reaching a $1 trillion market cap, its price-to-earnings ratio stands at 45, the highest since 2021, indicating that the stock may be overvalued, prompting investors to carefully consider their buying timing.
See More
Riot Platforms Stock Rises 5.3% Amid Bitcoin Volatility
- Bitcoin Holdings: Riot Platforms holds over 18,000 Bitcoins on its balance sheet, valued at more than $1.2 billion, providing substantial support for the stock price, particularly during Bitcoin's price fluctuations.
- Earnings Release Announcement: The company announced it will release its Q4 and full-year financial results on February 24, with investors eagerly anticipating whether Riot's transition from a Bitcoin miner to a data center and AI infrastructure player will be viewed positively by the market.
- Land Purchase Agreement: Riot has entered into a land purchase and lease agreement for approximately 200 acres in Texas with AMD, which will utilize the land for its high-performance computing needs; this partnership could significantly enhance Riot's long-term earnings potential, especially in the upcoming financial commentary.
- Market Sentiment: Although Riot was not included in The Motley Fool Stock Advisor's list of top investment stocks, investor sentiment remains relatively bullish, particularly as Bitcoin prices continue to rise, suggesting a potential improvement in market perception of Riot's future.
See More
Three Bargain Stocks to Invest In Now
- Microsoft Valuation Drop: Microsoft's price-to-earnings ratio has significantly decreased in recent months due to general weakness in the tech sector, now nearing its lowest level outside of the 2023 sell-off, providing a rare buying opportunity for investors despite its continued dominance in the industry.
- Ad Platform Challenges: The Trade Desk reported an 18% year-over-year growth in Q3, but faced headwinds from reduced political ad spending, with Wall Street projecting a 17% revenue growth for 2026; its current price-to-earnings ratio of just 13 times indicates an exceptional value for investors.
- Nvidia's Investment Opportunity: Nvidia's stock trades at a mere 24 times forward earnings, despite a projected 64% growth in FY 2027, and with global data center capital expenditures expected to reach $3 trillion to $4 trillion by 2030, this presents a compelling buying opportunity for investors.
- AI Spending Growth Outlook: With AI spending expected to continue rising over the next few years, Nvidia is viewed as an ideal investment choice; although it did not make the Motley Fool's top ten stock list, its potential returns remain a significant draw for investors.
See More
