3 Reasons You Might Want to Buy Intel Stock Despite Its Challenges
The semiconductor industry has experienced shortages and rapid increases in demand amid the explosion of new tech applications. However, one chip company that continues to struggle is industry pioneer Intel (NASDAQ: INTC).
While it led the industry for decades, other chip designers and manufacturers eclipsed it due to its development struggles. Current CEO Pat Gelsinger seeks to get Intel back on top with initiatives to retake the technical lead and invest heavily in new foundries. While it is too early to know if or how well Gelsinger will succeed, patient investors may want to consider the semiconductor stock for three reasons.
Despite the focus on the likes of Nvidia and AMD, Intel remains an industry behemoth. While it has lost its designation as the "world's largest chipmaker," it still outproduces most of its peers.
Source Fool.com
