From Nasdaq: 2024-04-12 05:55:00

Nvidia remains the leader in AI chips, but Intel is positioning itself for growth in the $1 trillion AI market. Intel recently announced innovative AI products and aims to become a major player in chip manufacturing. With U.S. government support and a reasonable valuation, Intel could be a smart long-term investment.

Intel’s latest moves include new AI products and plans to become a major chip manufacturer. The company introduced the Intel Core Ultra mobile processor family, catering to AI tasks, and announced advancements in AI acceleration. Intel’s plan to open its manufacturing network to others could pay off big and reduce U.S. dependency on foreign manufacturers.

Intel’s $100 billion investment in U.S. chipmaking capacity, with $8.5 billion in government funding, has potential for significant growth. The stock trades at a reasonable forward earnings estimate, making it an attractive option for long-term AI growth investors. Analysts predict double-digit annual growth for Intel over the next five years.

While Intel’s future looks promising, investors should also consider other stock options. The Motley Fool Stock Advisor team identified the 10 best stocks for investors, excluding Intel. Stock Advisor’s proven track record can help investors maximize returns and build a successful portfolio. Intel presents a compelling opportunity for long-term investors.



Read more at Nasdaq: Forget Nvidia: This Stock Is a No-Brainer Artificial Intelligence (AI) Buy Right Now