Thinking of Buying Intel on the Foundry News? This Chip Stock's a Better Buy.
Intel (NASDAQ: INTC) stock has been testing the patience of investors for years. Over the last decade, the stock has fallen 33% as nearly all of its peers, including AMD, Broadcom, Nvidia, and Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) have skyrocketed. No other blue chip stock has underperformed its sector as badly as Intel.Despite those woes, there's always been a bull case for the chip stock. It has long been a leader in the PC market. It's the largest integrated device manufacturer (IDM) in the U.S., meaning it both designs and manufactures chips, and the AI boom will likely be a rising tide that lifts all boats in the semiconductor sector.Therefore, it was notable when Intel stock soared last week. Those gains came even as its chief of artificial intelligence (AI) and data center jumped ship to work at Nokia.Continue reading
Intel (NASDAQ: INTC) stock has been testing the patience of investors for years. Over the last decade, the stock has fallen 33% as nearly all of its peers, including AMD, Broadcom, Nvidia, and Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) have skyrocketed. No other blue chip stock has underperformed its sector as badly as Intel.
Despite those woes, there's always been a bull case for the chip stock. It has long been a leader in the PC market. It's the largest integrated device manufacturer (IDM) in the U.S., meaning it both designs and manufactures chips, and the AI boom will likely be a rising tide that lifts all boats in the semiconductor sector.
Therefore, it was notable when Intel stock soared last week. Those gains came even as its chief of artificial intelligence (AI) and data center jumped ship to work at Nokia.
