Saying The Unthinkable Out Loud: Nvidia Is History, Intel Our Future

Summary:

  • Intel is rapidly transforming into a top U.S. foundry company to manufacture high-end semiconductors, with government funding support.
  • Intel’s new business setup and reinvestment effort could support significant sales/income growth into 2029.
  • With one of the lowest valuations in the Big Tech semiconductor sector, any unexpected rebound in earnings could catapult Intel past Nvidia for shareholder returns in coming years.
  • Intel appears to be everything Nvidia is not during the summer of 2024.

Go ahead and continuously improvement concept, silhouette man jump on a cliff from past to future with cloud sky background.

Dilok Klaisataporn

I am upgrading my outlook for Intel (NASDAQ:INTC) to Buy, after suggesting a Hold to Avoid rating for a number of years. My May 2022 article here summed up the “value trap” problem


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