Intel Corporation (NASDAQ: INTC) is one of the Best AI Stocks to Buy under $50. Nvidia purchased $5 billion worth of Intel shares on December 29, as part of a strategic agreement to co-develop chips for data centers and personal computers.

The deal includes buying over 214.7 million Intel shares at $23.28 per share. Nvidia Corp. recently halted a test using Intel’s advanced 18A manufacturing process for making advanced chips, raising concerns about Intel’s competitive edge in chip manufacturing.

Investors had high hopes for Intel’s 18A process to compete with Taiwan Semiconductor Manufacturing Company, but the halt has put Intel’s foundry race at risk. Intel Corporation designs, manufactures, and sells computer products and technologies for data storage, computer, networking, and communications platforms.

While Intel offers potential as an investment, some AI stocks may offer greater upside potential and less risk. Investors seeking undervalued AI stocks can explore opportunities that benefit from Trump-era tariffs and onshoring trends. Explore more trending AI stocks on Wall Street for investment opportunities.

Read more at Yahoo Finance: Intel (INTC) Draws Strategic Nvidia Investment as Chip Testing Plans Shift