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better than Intel ›````Shares of Intel (NASDAQ: INTC) rallied on Monday, rising as much as 5.7% before retreating to a 3.8% gain as of 12:08 p.m. ET.``Intel has been a controversial turnaround play in the semiconductor industry for a few years, and is currently pinning its hopes on the strategy of new CEO Lip-Bu Tan, who was hired in March.``Today, Intel disclosed some mildly positive news on the cost-cutting front. Given its low valuation, it only took that much to have significant outperformance.````In a press release issued today, Intel announced it had closed the sale of its field programmable gate array (FPGA) Altera unit to private equity firm Silver Lake. Silver Lake now owns 51% of Altera, having paid Intel $3.3 billion for that stake.``Not only will the transaction boost Intel's balance sheet as Tan focuses the company on its gore CPU, GPU, and foundry businesses, but the transaction will also allow Intel to de-consolidate Altera's results from its income statement. While that means Intel's revenue and profits will take a hit, it also means Intel will be free of recording Altera's overhead costs.``As such, Intel announced that it now expects adjusted (non-GAAP) operating costs to come in at $16.8 billion this year. That's $0.2 billion lower than previously guided. Meanwhile, the release also maintained an even lower $16 billion in planned adjusted operating expenses for 2026.``Image source: Getty Images.````Of course, Intel can't just cut its way to prosperity; the company will also have to grow revenue and profits by designing better chips and attracting customers to its foundry. Still, the move today shows just how much the stock may positively react to any good news, given Intel's beaten-down valuation, with a highly negative narrative that has been hanging over the stock ever since mid-2024.``````Before you buy stock in Intel, consider this:``The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Intel wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.``Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $640,916!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,090,012!*Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,664.25 -3.25 (-0.05%)Dow Futures46,090.00 -29.00 (-0.06%)Nasdaq Futures24,510.25 -12.00 (-0.05%)Russell 2000 Futures2,420.60 +0.30 (+0.01%)VIX16.36 +0.67 (+4.27%)Gold3,716.20 -8.90 (-0.24%)PortfolioSign in to access your portfolioSign inTop gainersWBTN WEBTOON Entertainment Inc. 20.80 +5.84 (+39.04%)QMMM QMMM Holdings Limited 88.00 +16.25 (+22.65%)BBAI BigBear.ai Holdings, Inc. 5.94 +0.85 (+16.70%)PAGS PagSeguro Digital Ltd. 10.74 +1.04 (+10.72%)PBF PBF Energy Inc. 30.62 +2.70 (+9.67%)Top losersNXTT Next Technology Holding Inc. 23.72 -5.08 (-17.64%)GEMI Gemini Space Station, Inc. 28.13 -4.39 (-13.50%)RKLB Rocket Lab Corporation 47.25 -6.80 (-12.57%)ORLA Orla Mining Ltd. 11.51 -1.27 (-9.94%)CCJ Cameco Corporation 80.23 -6.09 (-7.06%)Most activeOPEN Opendoor Technologies Inc. 8.92 -0.57 (-6.06%)BBAI BigBear.ai Holdings, Inc. 5.94 +0.85 (+16.70%)SNAP Snap Inc. 7.74 +0.28 (+3.75%)NIO NIO Inc. 7.02 +0.53 (+8.17%)NVDA NVIDIA Corporation 174.88 -2.87 (-1.61%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNIO NIO Inc. 7.02 +0.53 (+8.17%)RIVN Rivian Automotive, Inc. 14.32 +0.72 (+5.29%)BIDU Baidu, Inc. 123.79 +8.97 (+7.81%)OXY Occidental Petroleum Corporation 47.76 +2.29 (+5.04%)BBAI BigBear.ai Holdings, Inc. 5.94 +0.85 (+16.70%)Top economic events