Is Intel the Comeback Stock of the Decade?
For years, investors had written off Intel (NASDAQ: INTC). Known as the world's largest semiconductor company for decades, innovation slowed as the rise of the smartphone diminished demand for PCs.
During that time, one-time peers and rivals like AMD and Taiwan Semiconductor (TSMC) took a technical lead, and the GPU and artificial intelligence (AI) innovations of Nvidia seemed to leave the chip company vulnerable.
A turnaround began when former Intel engineer Pat Gelsinger became CEO. He put forth a plan to restore Intel's technical lead and turn it into a third-party foundry. Now, under current CEO Lip-Bu Tan, the chip stock has made its comeback a reality.
Source Fool.com
Intel Corp. Stock
€85.01
0.580%
Our community is currently high on Intel Corp. with 46 Buy predictions and 25 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 85.01 € for Intel Corp., so the potential is actually -12.95%.
