Jul 30, 2024
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Hot Stocks 🔥

Could Intel Stock Make Amazing Recovery? | Nemo

Name of opportunity: 👀

Intel Corporation

Value investors - your time to shine?: ✨

If you haven’t heard the phrase ‘value investors’ before, it refers to investors who invest in stocks that are undervalued, with a market price that is lower than their actual value. Analysts at InvestorPlace have highlighted Intel as a potential pick for this kind of investor, as the price is currently very low compared to what it has been in the past - the value of the stock has dropped by 28.45% over the past 6 months. 

How hot is this investment opportunity? 🔥🔥

Intel is currently valued as a ‘Hold’ but some analysts believe the value of the stock may increase. In fact, on our platform, it shows that overall, analysts predict the price of Intel Corporation will increase from $30.67 to $38.32 in the next 12 months. If you invested $1000, you might profit $243.09.

Some of the reasons Intel may increase in value again include the company’s growing focus on ‘edge AI’ - earlier this year it launched a new Edge Platform. Edge computing means bringing computing geographically closer to the data it is working with, and it is a growing area of concern as more and more companies use cloud-based solutions and SaaS to help analyse data or perform other tasks. For example, self-driving cars will rely on edge computing, as otherwise a server that could be very far away would be decoding the information from the car’s sensors. 

Intel has recently been spending a lot of money to catch up with competitors in the chipmaking field, Samsung and Taiwan Semiconductor Manufacturing Co, including building foundries in the US, which has cut into profits in this area of the corporation. Intel’s Chief Executive, Pat Gelsinger, has announced the company’s chipmaking business should break even in 2027. 

This quarter’s earnings will be released on Thursday - until then investors are waiting with bated breath to get a clearer picture of the company’s situation and the true value of its stock. 

Computing originals: 🖥️

Intel was founded in 1968 and is one of the world’s largest semiconductor manufacturers by revenue. The company made the world’s first commercially available microprocessor in 1971. In June, Intel made its Gaudi3 AI chips available, at a cheaper price than that of rivals - and unlike Nvidia and AMD, Intel both designs and manufactures AI chips in the US. If Donald Trump wins the election, Intel could benefit as companies that manufacture tech overseas may be hit by his ‘America First’ policy, which has previously involved raising tariffs on imported products. This is an especially big consideration as Trump has previously indicated a wish to charge Taiwan ‘for defence’. 

Which neme?: 🔍

‘Microchips’, ‘Top Stocks on X/Twitter’, ‘Gaming’ and ‘This Week’s Earnings’ 

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