Better AI Stock: Nvidia vs. Intel
Artificial intelligence (AI) stocks were the toast of Wall Street last year. The segment was one of the biggest growth drivers in the Nasdaq Composite's 43% rise in 2023, with countless companies benefiting from increased interest in AI.
However, data from Grand View Research suggests the sector is just getting started. The AI market is projected to expand at a compound annual growth rate (CAGR) of 37% through 2030, which would see it exceed a $1 trillion valuation before the end of the decade. So, even stocks that reached new heights last year could still have much to offer new investors.
Nvidia (NASDAQ: NVDA) and (NASDAQ: INTC) are two attractive options, with both companies developing the hardware necessary for training and running AI models. These companies are at considerably different stages of their AI journeys, with one dominating the industry and the other just starting out.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 28 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is potential for a 116.82% increase which would mean more than doubling the current price of 17.53 € for Intel Corp..
