Raymond James Analyst Says Forget Intel, Buy NVIDIA and AMD Instead

Investors looking for exposure to the chip market would do well to avoid Intel (NASDAQ: INTC) and buy stock in NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) instead, according to one analyst.

Raymond James (NYSE: RJF) analyst Chris Caso says that despite new CEO Pat Gelsinger taking the reins of the company this past February, there's too much uncertainty surrounding Intel's ability to resolve manufacturing issues and regain market share that was lost. In the note to investors on Thursday, Caso rated Intel as underperform, the equivalent of a sell rating.

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Source Fool.com