2024-07-04 01:50:42 ET
Summary
- Intel continues to underperform against competitors like NVIDIA and AMD in the GPU and CPU markets, respectively.
- Intel is refocusing its efforts into chip manufacturing, but also specializing within the AI segment to gain an edge.
- By 2030, Intel's revenues could be more than double, reaching $123 billion, with growth catalysts and a reasonable margin of safety supporting a buy rating.
Thesis Summary
Intel ( INTC ) continues to disappoint and underperform, while stubborn analysts (myself included) keep waiting for the Intel turnaround.
Intel has had the misfortune of being outplayed by two different competitors in two distinct segments. I'm talking of course of NVIDIA ( NVDA ) in the GPU market, and Advanced Micro Devices ( AMD ) in the CPU market....
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For further details see:
Intel: Between A Rock (NVIDIA) And A Hard Place (AMD)