Intel has a software business now -- but its stock still costs too much.Intel (INTC 4.19%) stock gained 2.5% through 10 a.m. ET Friday on positive comments about the computer hardware titan's progress building a computer software business.As Reuters reports, Intel chief technology officer Greg Lavender painted a positive picture of Intel's software prospects, saying the company is on course for $1 billion in software sales through 2027.Reading between the lines at IntelReuters described the figure as "cumul ...

Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2025 $45 calls on Intel and short August 2024 $35 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Identifying the right stocks to buy can profoundly affect portfolio performance. Three standout companies may derive high returns. Each represents a compelling opportunity emerging through robust fundamentals and strategic initiatives aiming for growth in 2024 and beyond. The first on the list leads the charge for digital payments, showcasing impressive growth in transaction volumes and profitability metrics. The company’s ability to innovate within the fintech sector underscores its potential to continue d ...

Artificial Intelligence, or AI, has been the hottest sector in the stock market. Since OpenAI released ChatGPT in November 2022, it has been a race to develop the best and smartest generative AI platforms. Bloomberg Intelligence issued a report that potentially valued the generative AI industry at $1.3 trillion by 2032. The AI hardware sector has exploded in value with every major tech company scrambling to buy high-powered GPUs. Semiconductor stocks have led the massive Nasdaq and S&P 500 rally over the pa ...

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 ...