Intel Gives Chip Stocks Their Third Boost in a Week
The semiconductor industry has traditionally been subject to booms and busts, and we are currently in the midst of a year-long bust, prompted by the U.S.-China trade war. Nevertheless, the future economy will be based on data, processing, and artificial intelligence. Chip stocks have seen a bit of a recovery of late, but most are still below the all-time highs set last year, so investors are looking for clues regarding the timing of the next upcycle.
Two large, broad-based semiconductor firms, Taiwan Semiconductor (NYSE: TSM) and Texas Instruments (NASDAQ: TXN), recently reported better-than-feared results and guided for strong sequential growth going into the second half of the year. In another hopeful turn for semiconductors, Intel (NASDAQ: INTC) added a third name to the list last week.
Here are the ins and outs of Intel's recent quarter, and what it could mean for computing and memory industry stocks for the second half of the year.
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