1 Top Chip Stock That Could Be an Overlooked Buy for the New AI Era
For the semiconductor industry, now is a time for building as some ambitious chipmaking facilities (or "fabs") get underway. Companies like Taiwan Semiconductor Manufacturing and , among others, are scooping up generous government aid as countries aim for supply chain resilience.
Intel in particular hopes to be the first to enter the "angstrom era," a nod to the shrinking of the smallest features of chips beyond the nanometer (an angstrom is 10 nanometers, with 10 million nanometers equaling one centimeter).
One pick-and-shovel play in this race is Applied Materials (NASDAQ: AMAT). Fresh off a fantastic 2023 -- and with a new wave of growth likely right around the corner -- the chip manufacturing equipment maker could be an overlooked buy as artificial intelligence (AI) systems put new demands on high-performance chips.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 25 Buy predictions and 11 Sell predictions.
As a result the target price of 42 € shows a positive potential of 47.32% compared to the current price of 28.51 € for Intel Corp..
