From Nasdaq, Inc.:

Over the last few years, Intel’s stock and revenue have plummeted due to increased competition, including the loss of Apple as a chip supplier. However, the company is making a comeback by gaining back market share and pivoting towards the AI market. In addition, the recovering PC market is poised to benefit Intel, as reflected in higher earnings and revenues in Q3 2023. Furthermore, EPS estimates predict substantial gains over the next year, and projections indicate a 42% stock growth over the next fiscal year.Intel’s expansion into AI and recovery in the PC business makes it a no-brainer buy in 2024.



Read more: 3 Reasons to Buy Intel Stock in 2024