As reported by the Wall Street Journal, it may require some time for Intel to restore its past prominence, yet investors appear to already believe it has reclaimed its leading position. Since the start of this year, Intel’s stock price has soared by 88%, and over the past 12 months, it has more than tripled, propelling its market capitalization to nearly $350 billion for the first time since 2000. Twenty-six years ago, when Intel achieved this market cap, it stood as the global leader in cutting-edge semiconductor design and manufacturing. Today, its forward price-to-earnings ratio exceeds 130 times, significantly outpacing the dot-com bubble peak of 60 times.
