Prediction: 2 Stocks That Will Be Worth More Than Intel 2 Years From Now
Dell and Workday could eclipse Intel's fading market cap in the near future.
Intel's (NASDAQ: INTC) stock closed at its record high of $74.88 near the peak of the dot-com bubble on Aug. 3, 2000, which boosted its market cap to $298.4 billion. As the world's top producer of x86 CPUs for PCs and servers, the company seemed like a great long-term investment.
Today, however, Intel trades at about $21 with a market cap of $94.5 billion. The company's stock slumped as its net income fell for the past six consecutive years, it paused buybacks over the past four years, and suspended its dividend at the end of 2024. It was even replaced by Nvidia in the Dow last November.
