Is It Too Late to Buy Intel Stock?
(NASDAQ: INTC) is having a terrible year so far. Shares of the chip specialist have lost nearly a third of their value as of this writing, which is in stark contrast to the 38% gain in the PHLX Semiconductor Sector index, but a closer look at the recent stock price action indicates that the stock may be gaining some momentum.
Shares of Intel have jumped almost 12% this month, outperforming the PHLX index. The stock received a nice shot in the arm and jumped more than 6% on July 8 following positive Wall Street coverage. Let's see why that was the case and check if it's too late for investors to buy this semiconductor stock following its latest surge.
Melius Research analyst Ben Reitzes believes Intel could be a top artificial intelligence (AI) pick in the second half of 2024. The analyst sees Intel benefiting from the growing demand for AI-enabled personal computers, which could power the growth of its client business.
Source Fool.com