From Nasdaq: 2024-06-20 04:24:00

The PHLX Semiconductor Sector index saw exceptional growth of 83% in the past three years, outdoing the Nasdaq-100 Technology Sector index’s 32% gains. However, Intel stock plummeted by 45% during this time, due to market share losses to AMD in the PC and server markets.

AMD gained 33% of the x86 processor market by the end of 2020, with significant growth in server CPUs. Intel’s decline led to AMD’s increase in revenue and market share over the years.

Despite Intel’s recent struggles, the company saw a 9% increase in revenue in the first quarter of 2024. The adoption of AI could offer a glimmer of hope for Intel’s future growth with new processor developments.

AI-enabled PCs are set to dominate the market in the coming years, with Intel well-positioned to capitalize on this trend. By focusing on AI technology and data center accelerators, Intel could see improved revenue growth in the near future. Investors are hopeful for a turnaround in the company’s performance.

Analysts project an increase in Intel’s revenue growth starting next year, leading to potential stock market gains. Intel’s focus on AI technology could pave the way for better performance in the semiconductor sector in the next three years, making it a stock to watch for investors.



Read more at Nasdaq: Where Will Intel Stock Be in 3 Years?