This Semiconductor Stock Is Cheap and a Screaming Buy!
In this video I will be talking about Intel (NASDAQ: INTC) and why I believe the company might turn it around. In the last couple of years, Intel has been losing market share to AMD (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA), but it feels as if the company has reached rock bottom, and it might be the perfect time to pick up some shares.
On paper, things look better than what you might hear. The company reported non-GAAP revenue of $18.6 billion, flat year over year, which exceeded January guidance by $1.1 billion. And if this is rock bottom, the only way is up.
Twenty-five years ago, the U.S. manufactured 37% of the semiconductors in the world. Today that number is down to 12%. You've probably heard this before, but there's a global chip shortage, and it's affecting most if not all industries on the planet because semiconductors nowadays are used in almost everything. For example, automakers are expected to lose $60 billion globally due to the chip shortage.
Source Fool.com
