Forget Intel: 2 Better Artificial Intelligence (AI) Stocks to Buy After a Sell-Off
Intel (NASDAQ: INTC) was one of the biggest victims of a recent tech sell-off, with its share price down 42% over the last month. Fears of a recession caused doubt among tech investors, triggering a dip for dozens of companies' stocks. Market uncertainty combined with weaker-than-expected quarterly earnings from Intel triggered a significant decline in its shares.
Usually, such a dramatic sell-off would produce a bargain stock price. However, the chart below shows Intel's forward price-to-earnings (P/E) ratio remains considerably higher than its two biggest chip competitors, Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD).
Source Fool.com
Intel Corp. Stock
€19.41
2.590%
Currently there is a rather positive sentiment for Intel Corp. with 24 Buy predictions and 16 Sell predictions.
As a result the target price of 38 € shows a very positive potential of 95.74% compared to the current price of 19.41 € for Intel Corp..
