Nvidia Reportedly a Thing of the Past as Intel Emerges as Future Powerhouse (NASDAQ: INTC)
Money | June 24, 2024, 7:04 p.m.
Investment expert Dilok Klaisataporn upgrades his outlook on Intel from Hold to Buy, citing the company's shift towards becoming a leading foundry fabricator in North America. Despite facing criticism for heavy capital spending, Intel's strategic investments could yield significant returns for shareholders in the coming years. Klaisataporn highlights Intel's undervalued position compared to its semiconductor competitors, emphasizing the potential for a bullish upturn in operating results. By focusing on future earnings growth and low valuation relative to peers, he makes a compelling case for investing in Intel over high-flying companies like Nvidia. With Intel's transformation and favorable industry positioning, Klaisataporn sees the stock as a strong long-term investment opportunity, projecting significant upside potential in the years ahead.