Tag Archives: INTC

Intel Is the Most Essential Company in the Country

Intel (NASDAQ:INTC) stock is now where Advanced Micro Devices (NASDAQ:AMD) was when it named Lisa Su as CEO. It’s on the bottom.

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Bob Swan, who was chief financial officer becoming CEO, recruited Pat Gelsinger from VMWare (NYSE:VMW) to succeed him. Gelsinger took office in February, with the stock not too far from its current $55/share level. He then announced the transformation of the company. He plans to invest $100 billion to make Intel a chip foundry against Taiwan Semiconductor (NYSE:TSM).

It’s a bold plan.....More>>>

October Stock Picks: 7 Chip Stocks to Buy on Dips

Technology stocks have been battered and bruised in 2022, with the Nasdaq down 32% year to date. As bad as that is, semiconductor stocks have easily outpaced the downturn in the broader tech sector, with the PHLX Semiconductor Index falling 44% so far this year. However, unlike some high-flying tech stocks that had no basis for their lofty valuations, the companies that make semiconductor chips and equipment are vital to the economy. Their products are the basis of the world as we know it. Of course, that’s not to say their share prices can’t go lower from here. With this in....More>>>