As I have said multiple times, the term "corporate turnaround" is much abused. However, Intel (INTC) could be a textbook example of a turnaround stock. INTC is up almost sixfold from its 2025 lows, and what was once dead money turned into a FOMO stock.
Intel’s turnaround has been in the works for quite some time now. In 2021, company veteran Pat Gelsinger took over as the CEO and embarked upon “transforming” Intel under the IDM 2.0 strategy. The strategy focused on making Intel a major foundry player, which would manufacture chips for third parties. At the same time, the company doubled down on innovation. It also ventured into the artificial intelligence (AI) chip market amid the euphoria.
