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No. 1 chipmaker Intel (INTC) is scrappy, Nomura analyst Romit Shah said Wednesday. Despite PC headwinds, a $1 billion sales miss back in Q1, a fast move to new-generation 10-nanometer chip manufacturing and lowered Q4 data center guidance, Intel stock is down only 4% for the year, Shah wrote in a research report. “We think the market is telling us that Intel is a survivor,” he wrote. He upgraded Intel stock to a buy from neutral and boosted his Scalper1 News
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