Intel’s turnaround deemed a ‘herculean task’ — so analysts say to avoid the stock

Intel Corp. Chief Executive Lip-Bu Tan seems to be making interesting moves early in his tenure, but that doesn’t mean he’ll achieve success easily. The company has missed out on the artificial-intelligence wave and fallen behind with its technology. It’s also trying to revive its foundry business.

Righting the ship at Intel

INTC seems like a “herculean task,” according to Bernstein analyst Stacy Rasgon. He quipped, “Hercules cleaned out the Augean stables in a day, but even he would take longer to execute
this turnaround.”