It Is What It Is, Intel Is My Rebound Bet For 2023


  • This is my 141st value buy endorsement for Intel. Intel has enough agility to overcome the negativity of investors/market traders.
  • I now appreciate Intel as an AI company. Intel still owns more than 90% of Mobileye. Mobileye’s market cap has risen $10 billion since October IPO.
  • An ad campaign to remake Intel as an AI-first company could improve its investment quality. The 38.1% CAGR of the $93.5 AI industry is a strong tailwind.
  • I applaud that Jon Peddie Research reported Intel has 4% market share in discrete GPUs. This is already half of AMD’s 8% share.
  • Mercury Research’s Q3 2022 report says Intel’s overall market share in x86 processors is 71.5%. This is notably higher than Q2’s 63.5%.

Latest Consumer Technology Products On Display At Annual CES In Las Vegas

Intel is a buy because it sells USB thumb drive-sized Movidius Artificial Intelligence computers.

Alex Wong/Getty Images News

Investment Thesis

I opine that the near-term scenario is that Intel (NASDAQ:INTC) could dip further. INTC is already down

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Intel uses AI to improve its factories and business processes

Intel sells AI hardware but it offers free AI ML/DL software and platforms

Intel has various processors and accelerators for the AI market

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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