AI Is Not Dead- A Key AI Stock Climbed More Than 90%
Intel Corp stock has been quietly performing very well compared to Nvidia and other big AI stocks over the past few months.
Quick overview
- Intel Corp. stock has surged 93% over the last three months, capturing significant AI market share.
- The stock recently reached $37.91 per share, nearing its highest point in a year and a half.
- Intel's focus on diversifying its offerings and avoiding the struggles faced by competitors like Nvidia positions it well for future growth.
- The company is shipping AI-enabled chips and anticipates delivering over 100 million units by year-end, aligning with the increasing demand for AI technology.
Over the last three months, Intel Corp. (INTL) stock has gained 93%, quietly taking a large portion of the AI market share while offering something different from Nvidia’s chips.
On Wednesday, Intel stock gained another 0.16%, achieving a price of $37.91 per share. That is nearly as high as the stock has been in a year and half, and investors may be sleeping on this technology company while they focus on Microsoft, Google, and Nvidia.
Intel stock hit $41.53 in late October and could easily hit that price point again soon. The company does not have the same kinds of struggles that are holding Nvidia back right now, like severe Chinese restrictions and a crowded market. Because Intel’s focus is only partially on AI components, they are able to diversify and remain agile in a fluctuating market.
Why Intel Might Be a Good Investment Right Now
Despite months of growth, this stock is still considered undervalued compared to its competition. It is trading at a lower price than its competition when considering the ratio of price to sale. Intel is a strong competitor in the semiconductor market and has excelled in its niche, but it is also looking to expand further into AI tech at a time when the market still looks healthy.
Intel has been making deals with AI companies that could prove to be incredibly lucrative in the coming months. They released Crescent Island in October, and this is a line of products that work with AI programs and yet come at artificial intelligence from a different angle than some of the other semiconductor manufacturers.
Intel is now shipping chips with AI features, and they expect to ship more than 100 million of these by the end of the year. These chips will be absolutely essential in PCs in the coming years as AI becomes even more pervasive, and Intel is on the cutting edge there and poised to benefit tremendously from a growing market.
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