From Nasdaq:

Semiconductor giants Intel and AMD are both capitalizing on the rise of artificial intelligence. Intel surged 90% in 2023 and AMD gained 127%, outperforming the Nasdaq. Intel’s strong performance is attributed to 4th quarter revenue rising 10% to $15.4 billion, with EPS soaring 260% to $0.54. Analysts predict a bright future for both companies, making them promising AI investments. Wall Street analysts have a “strong buy” rating on both stocks, with a high target price for Intel at $68, implying a 54.5% potential upside, and a high target price for AMD at $270, suggesting a 30.1% surge from current levels.



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