Intel has faced challenges in the semiconductor industry, falling behind in AI to competitors like Nvidia and AMD. However, recent developments show signs of a turnaround, with a focus on AI and new products. Stock is up 1.94% YTD, with analysts predicting 200% upside potential.

Intel had a strong Q2 with $12.9 billion in revenue, exceeding estimates. The company is transitioning to the 18A process node and plans to release Panther Lake, its first major 18A-based CPU, by year-end. Intel is cautious with capital expenditures and aims for long-term profitability.

Intel is now prioritizing AI opportunities, launching AI PCs and focusing on AI workloads with Xeon 6 processors. The company admits previous weaknesses in software and is creating a full-stack AI platform. Despite progress, Intel still lags behind competitors in data center GPUs and faces challenges in CPUs and AI accelerators.

Analysts rate Intel stock a “Hold” with a potential upside of 203.7% based on a Street-high estimate. The company’s road to recovery is ongoing, with competition from Nvidia, AMD, and ARM-based chips. Patient investors may find Intel a good buy, but any misstep could impact the company’s turnaround story.

Read more at Yahoo Finance: Is Intel Stock a Hidden AI Winner?