- Intel Corporation has been struggling with poor earnings and sales, leading to multi-year low stock prices.
- Despite these challenges, Intel is heavily investing in AI and remains a strong competitor to Nvidia.
- The article will explore whether it is a good time to consider buying Intel shares.
Intel Corporation (NASDAQ:INTC) has been doing quite poorly in terms of earnings and sales for many years now. This is certainly reflected in the stock price. In fact, INTC stock is trading at multi-year lows. Yet, the company invests heavily in AI and is a sound competitor to Nvidia (NVDA). The company is expected to report its 2Q earnings on 1 August. I will discuss the expected earnings.
This is my first article on Intel. However, I have previously written about Nvidia, its competitors, including Intel, and NVDA stock’s ridiculous valuations. In my most recent article on Nvidia and its rivals, I wrote that Intel and Advanced Micro Devices (AMD) were serious threats to Nvidia. Although NVDA stock price has risen since then, the competition risk remains. Let me analyze Intel to see if it is worth buying now.
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