3 Reasons to Buy Intel Stock, and 1 Reason to Sell
For many years, (NASDAQ: INTC) dominated the central processing unit (CPU) market. But the era of artificial intelligence (AI) helped a new breed of innovators rise to the top. Nvidia and Advanced Micro Devices (NASDAQ: AMD) present mounting threats to Intel's leadership, which is evident in the share price performance of these three companies over the last five years.
That said, Intel's prospects are looking much better. Improving revenue performance has pushed the stock price up 65% year to date, and the company's new processors for the data center market could support further gains in 2024.
Let's review three reasons why Intel stock is a solid investment right now and also consider one reason to sell or avoid it.
Source Fool.com
Intel Corp. Stock
€19.63
-27.170%
Our community is currently high on Intel Corp. with 22 Buy predictions and 17 Sell predictions.
With a target price of 38 € there is a hugely positive potential of 93.54% for Intel Corp. compared to the current price of 19.63 €.
