Intel Is Selling a Stake in Its AI Software Business -- Does That Make Intel Stock a Buy for 2024?
Intel (NASDAQ: INTC) just hit the market with some notable artificial intelligence (AI) news, and it didn't involve new AI chips trying to play catch-up to Nvidia. Rather, the latest announcement involves Intel's in-house generative AI software business, which is now being christened Articul8 AI.
With some outside investment help from data center, cell tower, and internet infrastructure manager DigitalBridge Group, as well as a consortium of other investment firms, Intel has spun off Articul8 AI as a separate company.
Of course, Intel did announce a slew of new chips aimed at various AI applications in December. The company is also receiving the first of a new batch of advanced machines from top semiconductor manufacturing equipment company ASML Holding, which will be critical to Intel's roadmap of new chips in the coming years.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 31.85% compared to the current price of 28.82 € for Intel Corp..
