1 Artificial Intelligence (AI) Stock That Could Make You a Millionaire
Shares of Intel (NASDAQ: INTC) are down around 22% since Jan. 25, when the company reported fourth-quarter 2023 earnings. The company posted revenue growth of 10% year over year, beating Wall Street estimates by $230 million. During the quarter, Intel enjoyed significant gains from a recovering PC market. But that wasn't enough to overshadow weak guidance that sent its stock tumbling.
Intel expects Q1 2024 earnings to reach $0.13 per share when analysts forecasted $0.42 per share. Meanwhile, the company projects revenue to come in between $12 billion and $13 billion, less than the $14 billion that Wall Street expected.
However, weak guidance is why it's crucial to keep a long-term perspective when it comes to tech stocks, and even more so when it comes to those expanding in artificial intelligence (AI). Intel has had a challenging few years, but is restructuring its business to prioritize profits while also investing in high-growth sectors like AI.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 25 Buy predictions and 11 Sell predictions.
With a target price of 42 € there is a positive potential of 45.18% for Intel Corp. compared to the current price of 28.93 €.
