Intel (NASDAQ: INTC) stock has been up over 12% recently, and the outcome of the U.S. presidential election could help it gain market share. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco!

Despite Q3 2024 challenges, Intel's cost reduction and new product launches, like new processors for AI. Read why I reiterate my bullish rating for INTC stock.

Intel's removal from the Dow doesn't really impact the business, but it will lead exchange-traded funds (ETFs) that track the Dow to sell the stock when the Dow makes the switch on Nov. 8. That's not as significant as being removed from the S&P 500 since not as many ETFs follow the Dow, but it still leads to greater supply and less demand.

Intel (NASDAQ: INTC) stock delivered decent returns from 2010 through 2020, but over the last five years, its shares have been a lousy investment. The stock started to rebound in 2023 before plunging 54% in 2024.