by winston » Fri Apr 26, 2024 2:58 pm
not vested
Until recent weeks, Intel (NASDAQ: INTC) stood as one of the best-performing Dow stocks over the last 12 months. However, the giant chipmaker's massive losses in its foundry business revealed earlier this month dampened investors' enthusiasm.
Analysts still like Intel, though. The average 12-month price target for the stock is nearly 21% higher than the current share price. Although I'm unsure if Intel will hit that target over the next 12 months, I'm bullish about the stock overall.
For one thing, Intel expects its foundry business to be highly profitable by 2030. I believe the company's investment in manufacturing semiconductor chips for others is a smart long-term move.
I also like Intel's AI prospects. Its new Gaudi 3 AI chip could take some data center market share away from Nvidia.
Edge AI -- pushing AI processing to where data is generated -- should present another big opportunity for Intel over the next several years.
source: TMF
It's all about "how much you made when you were right" & "how little you lost when you were wrong"