Is Intel the Comeback Stock of the Decade?
Intel rose about sevenfold over 14 months.
Is Intel the Comeback Stock of the Decade?
Overview
For years, investors had written off Intel (NASDAQ: INTC). Known as the world's largest semiconductor company for decades, innovation slowed as the rise of the smartphone diminished demand for PCs.
During that time, one-time peers and rivals like AMD and Taiwan Semiconductor (TSMC) took a technical lead, and the GPU and artificial intelligence (AI) innovations of Nvidia seemed to leave the chip company vulnerable.
Details
A turnaround began when former Intel engineer Pat Gelsinger became CEO. He put forth a plan to restore Intel's technical lead and turn it into a third-party foundry. Now, under current CEO Lip-Bu Tan, the chip stock has made its comeback a reality.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
