Is Intel Stock a Buy Right Now?
Intel is in rare company, as it is one of the better-known chip stocks that has failed to win over investors throughout the AI revolution.
For the last few years, companies across the technology sector have witnessed unparalleled gains thanks to the artificial intelligence (AI) revolution. In particular, semiconductor stocks have experienced outsize gains thanks to the importance chips play in generative AI development.
Since ChatGPT was released commercially on Nov. 30, 2022, shares of Nvidia, Broadcom, and Taiwan Semiconductor Manufacturing have soared by 592%, 272%, and 110%, respectively. From a broader industry perspective, the VanEck Semiconductor ETF boasts a 93% total return over this same time period.
While it's been hard to lose money investing in the semiconductor space over the last two-and-a-half years, there are some notable laggards. Investors in Intel (NASDAQ: INTC) know this all too well, experiencing a 32% decline since ChatGPT's inception jump-started the AI roller coaster.
