Can Intel Crack This $200 Billion Nut?
Shares of Intel (NASDAQ: INTC) have lagged the market so far this year, as the chipmaker struggles with low PC sales and stiff competition in the central processing unit business from the likes of AMD. But the company's latest results clearly indicate that its pursuit of fast-growing opportunities is bearing fruit.
Intel beat expectations in the recently reported second quarter, posting 9% year-over-year revenue growth thanks to a massive jump in revenue from the non-volatile memory (NVM) segment. In fact, the chipmaker saw revenue gains across four of its five segments last quarter, including the Internet of Things (IoT) division and the data center business.
These segments could substantially boost Intel's growth in the long run, given the massive end-market revenue opportunity available. The company's internal analysis reveals that non-volatile memory and autonomous vehicles (included in IoT) together represent a $200 billion revenue opportunity, but is it doing what's necessary to make a dent in these areas? Let's find out.
Source: Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 22 Buy predictions and 16 Sell predictions.
Based on the current price of 17.73 € the target price of 38 € shows a potential of 114.37% for Intel Corp. which would more than double the current price.
