Nvidia has been the star of the AI boom, soaring 150% in the first half of the year. The stock still makes a great long-term bet, but other players may represent better bargains today.
Intel (INTC) shares jumped more than 6% to a two-month high on Monday as analysts at Melius Research said the chipmaker stands to benefit from growing interest in artificial intelligence (AI) personal computers and other hardware trends related to the technology. The stock was the biggest gainer on the Nasdaq 100 and Dow Jones Industrial Average on Monday.
Major U.S. equities indexes hit fresh highs to start a new trading week that will feature Congressional testimony from Federal Reserve Chair Jerome Powell, the release of the latest Consumer Price Index (CPI) report, and quarterly reports from banking giants to kick off earnings season.
An analyst at Melius Research named Intel as a smart AI stock to buy for this year's second half. Intel is readying CPUs to power AI-driven PCs.
Contrarian stock upgrades might help you capitalize on this year's AI-inspired market rise. Regarding the prospects of a Federal Reserve rate reduction, the S&P 500 rose 14.5% in the first half of the year, driven by technology and communication, which gained 28.2% and 26.7%, respectively.
Intel (INTC) and Advanced Micro Devices (AMD) could gain in the second half of the year, according to Melius Research, which referred to the companies as "AI Laggards" for the start of the year.
Intel (INTC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
INTC is extremely attractively valued for a company with such solid AI and data center exposure and the potential to become the biggest beneficiary of the AI transition in PCs. The company spends on R&D approximately the same amount as Nvidia and AMD combined. My intrinsic value calculations suggest that INTC's target price is $37.
Vietnam has missed out on multi-billion dollar investments by multinationals including Intel and LG Chem because it lacks sufficient investment incentives, the country's investment ministry said in a document reviewed by Reuters.
Arm's shares have more than tripled since the company's IPO last year. Intel's shares have declined amid concerns about its long-term growth.
Intel is venturing into the chip manufacturing business. AMD is in talks to potentially build a massive AI cluster.
Walgreens Boots Alliance's new CEO faces an uphill battle in turning the business around; margins are poor and growth is minimal. Lululemon Athletica's high valuation at the start of the year might have played a big role in the stock's steep sell-off since then.