The current market is torn between the believers in artificial intelligence and the skeptics. For the believers, this year's outsize move in AI stocks is just a taste of things to come, given that we are still in the early innings of this technological sea change. For skeptics, t
What is a data center? It's a dedicated building filled mostly with clusters of computer servers working in unison to complete tasks, and it's typically managed by tech giants like Microsoft and Amazon (NASDAQ: AMZN). Millions of businesses rent those data centers to store their
2023 has been a fun year for companies in the realm of artificial intelligence (AI). As a leading maker of current and future AI-engine microchips, Advanced Micro Devices (NASDAQ: AMD) has seen its fair share of market interest.
Perhaps the hottest question in technology investing circles today is whether Nvidia's (NASDAQ: NVDA) eye-popping growth and margins displayed over the course of the past two quarters is sustainable. If artificial-intelligence (AI) accelerators grow at a 50% annualized growth rat
Intel (
NASDAQ:INTC
) used to be the U.S. chip champ, but it lost its footing in recent years. However, investors should prepare for Intel to regain its former status as America's first-choice processor producer. Overall, I am bullish on INTC stock and am ready for it to possibly stage a swift recovery before the end of 2023.
Even though the company has famously lost some of its market share, Intel is still a renowned semiconductor manufacturer. This year, investors have been so enamored with rival chipmakers Advanced Micro Devices (
NASDAQ:AMD
) and Nvidia (
NASDAQ:NVDA
) that stock traders have practically forgotten about Intel.
Ignoring Intel is a mistake, though, since the company is still a chipmaking giant, and INTC stock's rebound could be tremendous. Soon enough, I expect the market to recognize Intel's full value, but by then, it might be too late to invest as the
share price could be much higher than it is today.
Intel Addresses Shortage Issues with New Irish Fab
In the chipmaking business, people sometimes refer to a semiconductor fabrication factory as a "fab." The demand for microchips is intense, and Intel is reportedly having
trouble finding chipmaking employees in its German plant. However, the company is pressing forward and
establishing a new fab in Ireland.
Clearly, Intel sees Europe as a hub of semiconductor manufacturing activity. The company's Fab 34 factory in Leixlip, Ireland, joins Intel's fabs in Magdeburg, Germany, and the company's planned assembly and test facility in Wrocław, Poland.
Ann Kelleher, executive vice president and general manager of Technology Development at Intel, described the production volume at the company's Irish fab as "high-volume." Perhaps the establishment of these Europe-based fabrication factories will help Intel achieve its stated objective of "regaining leadership in process technology by 2025."
In other words, the narrative here isn't that Intel is already the global chipmaking leader; that's not realistic. Rather, Intel is on the comeback trail with a compelling growth story after several challenging years. As Intel CEO Pat Gelsinger put it, the company is, hopefully, "on the path back to process leadership."
Make no mistake about it - Gelsinger is firing a direct salvo at Intel's competitors with these new processors. Audaciously, the CEO warned that there are only three types of chipmakers: "You're big, you're niche, or you're dead." Where does Gelsinger's company fit in, then? "Intel is way too big to be niche, so we'd better be really big," he clarified.
Intel Reminds the Market of Its Innovator Status
Meanwhile, back in the U.S., Intel rolled out some new hardware products at its recent
innovation day event. Even though
not every observer was impressed with Intel's new offerings, Intel Innovation 2023 nonetheless featured some notable AI-compatible processors.
The star of the show was Intel's 14th-generation personal computer chip, known as Meteor Lake. This reportedly includes an
AI co-processor inside of its CPU for robust processing and graphics performance.
Furthermore, Intel featured its new Xeon processors, which are designed to power data centers. Not only that, but Intel also showed off its Arrow Lake and Lunar Lake processors, which will be the successors of the already-powerful Meteor Lake chips. These are set to be released in 2024. Additionally, Intel has a processor that's under development, code-named Panther Lake, which the company expects will be available by 2025.
Is Intel Stock a Buy, According to Analysts?
On TipRanks, INTC comes in as a Hold based on six Buys, 20 Holds, and five Sell ratings assigned by analysts in the past three months. The
average Intel stock price target is $36.13, implying 1.6% upside potential.
Conclusion: Should You Consider Intel Stock?
With the company's new, powerful processors, Gelsinger and Intel are basically saying, "Go big or go home." In 2023, some observers may be underestimating Intel's potential to regain market share in the coming quarters from the likes of Advanced Micro Devices and Nvidia.
Plus, Intel is going all-in on Europe as a chip hub with the company's new Irish fab. Therefore, I'm preparing for big moves from INTC stock, and I believe it's a great time for enterprising investors to consider a share position for the long term.
Disclosure
Fool.com contributor and finance professor Parkev Tatevosian evaluates AMD (NASDAQ: AMD) and its financial position to determine if long-term investors should buy the stock.
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #68 analyst pick, moving up by 1 spot.
In today's video, I discuss updates affecting Intel (NASDAQ: INTC), Qualcomm (NASDAQ: QCOM), Micron Technology (NASDAQ: MU), Advanced Micro Devices (NASDAQ: AMD), ASML Holdings (NASDAQ: ASML), and other semiconductor companies. Check out the short video to learn more, consider su
There's been a slight pullback from investors in the tech market, with the Nasdaq-100 Technology Sector index down 9% since the start of August. Excitement over booming industries like artificial intelligence (AI) seems to have peaked as fears grow that macroeconomic headwinds co
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Artificial intelligence (AI) has been a game changer in the investment world (and many other worlds, for that matter). In fact, one industry insider genuinely thinks it’s “going to be bigger than the internet” or smartphones. Speaking at the CNBC Delivering Alpha Investor Summit in New York on Thursday, Altimeter Capital Chairman and CEO Brad [...]
Read more at ETFTrends.com.
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition.
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition.
In today's video, I discuss my top semiconductor stock to buy now based on growth opportunities and valuation. Check out the short video to learn more, consider subscribing, and click the special offer link below.
A boom in the artificial intelligence (AI) market this year made Advanced Micro Devices (NASDAQ: AMD) a favorite on Wall Street. Its shares are up around 50% since Jan. 1, gaining support from its expansion into the sector. The company is making moves to challenge market leader N
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.84%. Stocks on Thursday posted moderate gains as technology...
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