Why Intel Stock is Not the Best Chip Stock to Buy in 2024

Intel stock (NASDAQ:INTC) is synonymous with the semiconductor industry. Their chips power everything, from laptops and desktops, to data centers and immersive gaming experiences. Once the undisputed king of the semiconductor domain, the company is experiencing major setbacks that challenge its near term growth prospects. This includes the company’s large operating losses, use of debt, and declining margins. Right now, their valuation doesn’t make sense and investors will be better off picking other AI chip ...