The lion’s share of stock market attention has centered around the technology sector, particularly with stocks exposed to the artificial intelligence race in its breakthroughs and adoption across the global economy. However, not all stocks are equal in that race; some have gotten more attention and capital, especially in the first half of 2024.The first name that should come to mind for investors following this trend is NVIDIA Co. NASDAQ: NVDA. The chip maker has been the second-best performing stock of 202 ...

Leading the AI chip race, we all know Nvidia (NASDAQ:NVDA) is king. Its competitors like Intel (NASDAQ:INTC) may not be completely out of the picture. Intel’s long-standing market share lead has been eaten away, but the company’s CPU and GPU chips could be set for some key upgrades. Intel stock is worth a look here.Intel’s recent quarterly sales missed targets, causing a sharp decline it its stock price. The company’s Gaudi 3 release aims to generate $500M+ sales in H2 2024. Intel aims to become an AI leade ...

The company's most recent quarterly earnings suggest its stock won't be down for long.Artificial intelligence (AI) is by no means a new concept, as the technology was in some form of development for at least the last four decades. However, the debut of OpenAI's ChatGPT in 2022 brought renewed interest to the industry, triggering a bull run for many tech stocks. As a result, the Nasdaq Composite has spiked 33% over the last 12 months. Intel (INTC 1.76%) was initially left out of the AI rally, as investors we ...

The chipmaker is a different company than it was a few years ago.Shares of chip giant Intel (INTC 1.76%) have been stuck in the doldrums for the past few years. The company has been losing market share to rival AMD, and its multi-year plan to become one of the world's largest foundries is still in its early stages and has yet to pay off financially. Throw in a deep downturn in the PC market that wrecked the company's profit, and it's not surprising that Intel stock has taken a beating.While it may seem toug ...

Intel (INTC) ended the recent trading session at $34.59, demonstrating a +1.77% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.07% gain on the day. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.14%.Prior to today's trading, shares of the world's largest chipmaker had gained 9.96% over the past month. This has outpaced the Computer and Technology sector's gain of 8.61% and the S&P 500's gain of 4.34% in that time.Ma ...

Shares of Intel (NASDAQ:INTC) are up by 10% during the past five trading days. That’s due to shorts covering, according to analysts at Mizuho.“ARM ripped 8% Fri, AMD up 5% and near 8% past week, and even ON up 8% in past week (likely on TSLA rally). If hedge funds long AI semis want to lower exposure and rotate into non-Semi longs, they will sell some NVDA, AVGO, MU and cover shorts,” said the firm. Mizuho added that these shorts include Intel and Advanced Micro Devices (NASDAQ:AMD).Analysts added that some ...

These AI stocks could be the next winners of the AI boom...Nvidia (NVDA 1.88%) stole the show in the first half of the year, soaring about 150% and reporting triple-digit gains in earnings. The company garnered even more attention when it announced and then completed a 10-for-1 stock split, a move to bring its stock price down from more than $1,000. Nvidia still makes a great buy today as this company dominates the artificial intelligence (AI) chip market -- and demand in this high-growth market could conti ...

Key TakeawaysIntel shares climbed to a two-month high on Monday as analysts said the company stands to benefit from growing interest in AI personal computers and other hardware trends related to the technology.The Intel share price has gapped above the top trendline of a narrow trading range on the highest share turnover since June 21, indicating bullish conviction behind the move.Amid further upside Intel shares may encounter resistance at $35.50, $39, $42. and $45.50.Short-term overbought conditions could ...

Key TakeawaysThe S&P 500 edged 0.1% higher to close at a record high on Monday, July 8, 2024, kicking off a trading week that will feature testimony from the Federal Reserve chair, key inflation data, and bank earnings.Shares of Intel surged after analysts highlighted its potential to benefit from artificial intelligence in the second half.Paramount Global shares fell after the entertainment giant agreed to merge with Skydance Media, ending months of negotiations. Major U.S. equities indexes hit fresh highs ...

Could Intel be a top AI stock in the second half of 2024?Intel (INTC 6.15%) stock popped in Monday's trading. The semiconductor company's share price ended the session up 6.2%, according to data from S&P Global Market Intelligence.Intel stock jumped today thanks to bullish coverage from an analyst. The chip giant's share price also got a boost due to excitement surrounding upcoming processors that could strengthen the company's position in the artificial intelligence (AI) space and gaming hardware market.On ...