Better Artificial Intelligence Stock: Intel vs. AMD
Since a boom in artificial intelligence (AI) kicked off at the start of 2023, all eyes have been on chipmakers. Nvidia has taken much of the spotlight, snapping up 90% of the AI chip market. However, its success has also spurred interest in rivals like (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD), which could ride Nvidia's coattails and similarly enjoy significant gains from the expanding sector.
AMD has made promising headway in the industry, with recent quarterly results showing its data center earnings have soared amid increased AI chip sales. Intel has had a more challenging time succeeding in the market, with its focus on the costly foundry industry. However, Intel could be an attractive long-term play and deliver major gains over the next decade as its chip factories become operational.
So, let's compare these chipmakers' businesses and determine which is a better stock for investing in artificial intelligence (AI).
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 29 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is potential for a 122.04% increase which would mean more than doubling the current price of 17.11 € for Intel Corp..
