Should You Forget Intel and Buy This Millionaire-Maker Stock Instead?
Broadcom has a brighter future than the struggling CPU maker.
Once upon a time, Intel (NASDAQ: INTC) was a millionaire-maker stock. If you had invested $10,000 in its initial public offering (IPO) in 1971, it would be worth $10.3 million today. However, that investment briefly blossomed to $37.9 million when the stock closed at its record high on Aug. 28, 2000.
Yet Intel hasn't generated any millionaire-making gains since then. Over the past decade, the chipmaker struggled with market share losses to AMD in the x86 CPU market, persistent shortages and delays, and abrupt strategic shifts under four different CEOs. It couldn't leverage its dominance of the PC and server CPU markets to expand into the higher-growth mobile and AI chip markets, while its own foundries fell behind Taiwan Semiconductor Manufacturing (TSMC for short) in the race to produce smaller and denser chips.
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