NVDA - Better AI Value Stock: Micron vs. Intel
2023-09-24 05:30:00 ET
The artificial-intelligence boom has had a profound impact on all stocks, especially technology stocks, and, even more specifically, semiconductor stocks. This is especially true of names like Nvidia (NASDAQ: NVDA) , which is obviously going to be a big beneficiary of near-term AI spending.
But after their huge runs this year, many AI names trade at high valuations -- though not all. And if Bill Gates is right that AI is one of two technologies he's seen in his life that is truly, "revolutionary" -- the other being the graphical user interface back in 1980 -- then we are still in the very early innings of AI.
That leaves time for other tech stocks to benefit. And both memory giant Micron (NASDAQ: MU) and processor giant chipmaker Intel (NASDAQ: INTC) , while having lots of AI potential, still trade 28% and 50% below their all-time highs, respectively.
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Better AI Value Stock: Micron vs. Intel