This Magnificent Artificial Intelligence (AI) Stock Is Having Its Best Year in 2 Decades
All eyes have been on Nvidia this year as the GPU company has been providing the raw computing power for the artificial intelligence (AI) revolution. Its ultra-powerful chips have become the gold standard for training and running the most advanced AI models. The company reportedly sold half a million AI GPUs in the third quarter, mostly to hyperscale cloud companies racing to boost their AI capacity.
Nvidia isn't the only AI stock that has rewarded investors this year. (NASDAQ: INTC), known best for its PC and server CPUs, is tapping into the booming AI market in numerous ways. The company hasn't yet recorded blockbuster growth from the AI market like Nvidia has, but it's in a great position to be a major player in all things AI in the years ahead.
Investors are starting to see that potential -- they've sent Intel stock up more than 80% so far in 2023. That's the best performance since 2003 for the iconic chip stock.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 22 Buy predictions and 16 Sell predictions.
With a target price of 38 € there is potential for a 110.55% increase which would mean more than doubling the current price of 18.05 € for Intel Corp..
