From Nasdaq: 2024-11-11 23:01:00

Intel stock has surged 14% due to investor optimism over a potential second Trump term. Despite past challenges, Intel could benefit from domestic manufacturing support under Trump, giving the company a competitive edge over rivals like AMD and Nvidia.

Intel’s foundry division could see increased demand, benefiting from U.S. government contracts and emphasis on domestic chip production. Despite uncertainties surrounding the CHIPs Act, Intel stands to gain from its advanced 18A manufacturing process, boosting competitiveness and revenue potential in the near future.

While AMD has gained market share in recent years, Intel’s upcoming products, built on TSMC’s advanced 3nm process, show promise. New chips like Lunar Lake and Arrow Lake could outperform AMD’s offerings, while Intel’s focus on AI with Gaudi 2 and Gaudi 3 accelerators aims to challenge Nvidia in the AI space, potentially boosting revenue in the future. Intel’s AI chips, priced at $65,000, could attract cost-conscious customers with a projected $4 billion in sales by 2024. Gaudi 3 is expected to contribute $500 million to this figure, potentially driving significant revenue growth for Intel in the future. Stock valued at $27 per share, slightly above market price.

Intel’s returns in November 2024 show a 21% monthly return but a -47% year-to-date return and a -12% total return since 2017. In comparison, the S&P 500 had a 5% monthly return, 25% year-to-date return, and 167% total return since 2016. Trefis Reinforced Value Portfolio had a 9% monthly return and 832% total return.

Investors can explore Trefis Market Beating Portfolios for potential investment opportunities. Check out Trefis Price Estimates for Intel stock and other companies. Remember, the views expressed are the author’s and may not reflect those of Nasdaq, Inc.



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