Is Now a Good Time to Buy Intel Stock?
Intel stock has soared of late, and the question is whether it can continue.
One of the cornerstones of President Donald Trump's campaign was a promise to bring more manufacturing jobs back to the U.S. from overseas. In particular, the new administration has been focused on bolstering domestic technology innovation as the artificial intelligence (AI) revolution intensifies.
By now, it's clear that semiconductors are among the most important pieces of the AI puzzle. Suppliers such as Nvidia, Advanced Micro Devices, and Broadcom have been leading the charge for high-performance graphics processing units (GPUs) and networking equipment for data centers. However, these companies rely heavily on foundry solutions from Taiwan Semiconductor Manufacturing.
Over the last few years, Taiwan Semi has emerged as the leading player in the foundry realm, acquiring over 60% market share. As American competitors, particularly Intel (NASDAQ: INTC), continue to lag behind Taiwan Semi, it begs the question of what steps the U.S. chipmaker could take.
