Lifetime Membership What a disaster! A brutal winter beckons ahead for AEM share price following the release of the recent disastrous Intel’s 4th quarter financial result. The day after the release of Intel’s financial result, AEM share price tumbled 3%. It remains to be seen if this is the start of another slippery slope for AEM share price in the coming weeks as the full-year financial result for AEM will be released in February.
In October 2022, AEM share price had suffered a devastating meltdown of 25% within two weeks following reports that Intel is going to lay off workers amid steep decline for its core businesses – PC and Data Center. In this blog, I have always maintained that on its day, AEM share price can be unbeatable. Conversely, when the tide goes against AEM share price, the counter can spiral out of control. In view of this, this counter is really not for the faint-hearted.
The full-year financial result for AEM should be stellar based on the 9MFY2022 financial performance. This should provide a much-needed booster shot for AEM share price. However, investors must be wary of a bull trap as the market is bracing for a looming downturn.Read more