Why 'AI Laggard' Stocks Intel and AMD Could Get a Boost in the Second Half

Key TakeawaysIntel and Advanced Micro Devices (AMD) could rise as part of a second-half "catch-up," Melius Research said. The companies, alongside Apple and IBM, were among the analysts' "AI Laggards" in the first six months of 2024.The analysts noted a pattern in 2023 where "underdogs" underperformed in the first half and then caught up in the second half, while some "AI winners" experienced the opposite effect.Melius said AMD and Intel could benefit from Microsoft's Copilot+ PCs, while Apple could benefit ...