INTC - Intel Stock Is Down but Is It Also Out?
2024-07-01 10:15:00 ET
Intel (NASDAQ: INTC) is a stock that investors could easily dismiss. The longtime leader in the semiconductor industry has been eclipsed by Nvidia and AMD -- and amid the staggering costs of entering the foundry business, many investors have turned their backs on the chipmaker.
The good news for Intel is that artificial intelligence (AI) has led to a massive spike in semiconductor demand. This and the enormous government subsidies highlight why Intel stock should eventually return to growth. Plus, a largely overlooked factor should help ensure that success.
Amid its entry into the foundry business, Intel may succeed simply because the government needs it to succeed. Here's why.
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Intel Stock Is Down, but Is It Also Out?