Investors flock to tech stocks, Meta Platforms and Intel present growth potential at attractive valuations.

From Nasdaq: 2024-05-23 06:40:00

The Nasdaq reached another record high, fueled by investors flocking to tech stocks. Despite concerns about inflated valuations, there are still undervalued opportunities. Two standout stocks to consider are Meta Platforms (NASDAQ: META), dominating social media with 3.2 billion daily users, and Intel (NASDAQ: INTC), making strides in AI and expanding foundry operations. Both companies offer growth potential at attractive valuations.

Meta Platforms, known for Facebook and other popular apps, relies on its massive user base for $35 billion in advertising revenue. With a focus on AI innovations, like the Meta AI assistant, the company aims to increase user engagement and advertiser appeal, making it a bargain trading at 23 times forward earnings estimates.

Intel, a leader in CPUs, is making a comeback with advancements in AI technology and an expanded foundry business. The introduction of the Gaudi 3 AI accelerator positions Intel as a competitive force in the market. Trading at 28 times forward earnings estimates, Intel presents a compelling opportunity for growth investors.

Consider the potential of these stocks before investing in Meta Platforms. While not included in the top 10 stock picks by The Motley Fool, Meta Platforms and Nvidia have shown significant returns in the past. With expert guidance and stock recommendations, investors can navigate the market successfully and potentially achieve substantial gains.

Randi Zuckerberg, former Facebook director and sister of Meta Platforms CEO Mark Zuckerberg, serves on The Motley Fool’s board. The Motley Fool holds positions in Meta Platforms and Nvidia, and recommends Intel. Investors seeking high-yield opportunities in the tech sector can benefit from expert advice and stock analysis offered by The Motley Fool’s renowned Stock Advisor service.



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