Better Artificial Intelligence Stock: Nvidia vs. Intel
Tech stocks have taken a deep dive, with the Nasdaq-100 Technology Sector down 10% in just five days. Fears of a recession triggered a major sell-off, with seven of the most valuable tech companies losing a combined $1 trillion in market value on Aug. 5.
As a result, now is an excellent time to bulk up your portfolio with companies active in lucrative fields like artificial intelligence (AI). Despite the market downturn, AI remains a sector with massive growth potential. Data from Grand View Research shows the market hit $197 billion last year. Yet, that figure is expected to reach nearly $2 trillion by the end of the decade, expanding at a compound annual rate of 37%.
In terms of the companies powering much of the industry, it's hard to go wrong with chip stocks. Nvidia (NASDAQ: NVDA) and (NASDAQ: INTC) are compelling options, especially after a sell-off. Nvidia designs the chips used by the majority of AI developers. Intel is building the world's largest AI chip plant in Ohio as it seeks to retake a position as a top manufacturer.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
