Better Artificial Intelligence Stock: Nvidia vs. Intel
Tech stocks have taken a deep dive, with the Nasdaq-100 Technology Sector down 10% in just five days. Fears of a recession triggered a major sell-off, with seven of the most valuable tech companies losing a combined $1 trillion in market value on Aug. 5.
As a result, now is an excellent time to bulk up your portfolio with companies active in lucrative fields like artificial intelligence (AI). Despite the market downturn, AI remains a sector with massive growth potential. Data from Grand View Research shows the market hit $197 billion last year. Yet, that figure is expected to reach nearly $2 trillion by the end of the decade, expanding at a compound annual rate of 37%.
In terms of the companies powering much of the industry, it's hard to go wrong with chip stocks. Nvidia (NASDAQ: NVDA) and (NASDAQ: INTC) are compelling options, especially after a sell-off. Nvidia designs the chips used by the majority of AI developers. Intel is building the world's largest AI chip plant in Ohio as it seeks to retake a position as a top manufacturer.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 29 Buy predictions and 11 Sell predictions.
As a result the target price of 38 € shows a very positive potential of 84.65% compared to the current price of 20.58 € for Intel Corp..
