Intel is expected to benefit from the growing adoption of AI in the second half of 2024. The chipmaker's recent results indicate that it is indeed on the cusp of a turnaround.
Intel's (NASDAQ: INTC ) early July rally is starting to peter out. However, Intel stock may not be gearing up to cough back any of these latest gains.
Cryptocurrencies have made many people rich, but they can also be more akin to gambling than investing. Meanwhile, Intel's promising business model could allow it to see big gains in the chip market.
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.