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Intel Growth Challenges Are Not Over Despite Altera Stake Sale: Analyst

1. JP Morgan analyst reiterates Underweight rating on Intel. 2. Intel sold 51% of Altera for $4.46 billion. 3. Altera's revenue declined 20% over the last decade. 4. New CEO Raghib Hussain plans to enhance Altera's growth. 5. Intel projects Q1 revenue of $12.2 billion, with $0 EPS.

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FAQ

Why Bearish?

The underweight rating reflects concerns about Intel's declining revenues and market position, similar to historical downgrades that impacted stock prices significantly.

How important is it?

The article discusses a significant strategic divestiture and its implications on Intel's financial health, affecting investor perceptions.

Why Short Term?

The immediate effect of analyst sentiment and revenue projections will likely influence investor behavior shortly.

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