Intel's Gaudi 3 AI chip is off to a slower start than AMD's latest AI-focused GPUs, but Intel expects to win in the long run. The company is embracing open-source software and building a software ecosystem around its AI chips.
The S&P 500 advanced 14% in the first half of the year, buoyed by technology stocks -- especially those in the high-growth area of artificial intelligence (AI). AI still is in its early days though, so there's plenty of time to invest and potentially benefit from winners.
Intel (NASDAQ: INTC ) has been the biggest technology disappointment of the century, so far, but it's still the most important tech company of this decade. Some are saying now is the time to buy Intel stock.
Intel and Paycom have been left for dead by investors, but both stocks look like great buys. Intel's foundry business is on the cusp of taking off, and it has a strong product lineup for the rest of the year.
Intel (NASDAQ: INTC ) is best-known as a hardware company. However, news today around its push into software sent INTC stock nearly 3% higher to close out Friday trading.
Intel, with the United States government and EU help, is investing over $100 billion into semiconductor chip fabrication and aims to become 2nd to TSMC for chip production by 2030. Intel estimates that global semiconductor production will double by 2030. $15 billion worth of semiconductor business has signed on with Intel by large names such as Microsoft. Concerning GPUs, Intel is readying a new GPU called "Battlemage".
Chief Technology Officer Greg Lavender said that he is on track to reach a goal of getting to $1 billion in software sales by 2027., Reuters reported.
Intel's CTO just predicted the company's budding software division will be a $1 billion business in 2027. Intel's sales totaled more than $54 billion last year.
Intel stock is down close to 30% this year.
Intel is finally gaining traction in 2024 after underperforming for the better part of the last several years.
Identifying the right stocks to buy can profoundly affect portfolio performance. Three standout companies may derive high returns.
Intel's push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters.