Can Intel Dominate This Market by Overcoming This Smaller Rival?
Intel (NASDAQ: INTC) placed a big bet on the future of programmable chips by spending $16.7 billion to acquire Altera a couple of years ago. Chipzilla believed that Altera's field-programmable gate arrays (FPGA) would play a critical role in powering artificial intelligence (AI) solutions given their customizable nature.
The good news is that Intel has made good progress in this space, as evident from the company's third-quarter earnings report released in late October. But is the chip giant doing enough to make a bigger dent by overcoming market leader Xilinx (NASDAQ: XLNX)?
Image Source: Intel.
Source: Fool.com
Intel Corp. Stock
€18.18
3.010%
Currently there is a rather positive sentiment for Intel Corp. with 25 Buy predictions and 16 Sell predictions.
Based on the current price of 18.18 € the target price of 38 € shows a potential of 109.02% for Intel Corp. which would more than double the current price.
