Is Intel the Comeback Stock of the Decade?
Intel rose about sevenfold over 14 months.
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.