10 Best Stocks Under $50 to Buy Right Now

3. Intel Corporation (NASDAQ:INTC)

Share Price as of February 20: $25.72

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC), based in Santa Clara, California, is a major American multinational technology company well-known for its expertise in semiconductor chip manufacture, notably the x86 family of instruction sets, which are extensively used in personal computers.

On February 18, Cantor Fitzgerald upgraded Intel Corporation’s (NASDAQ:INTC) price target from $22 to $29, while maintaining a Neutral rating on the stock. Analysts at Cantor Fitzgerald say Intel’s situation is complicated, but recent news reports imply that a separation of Intel’s DesignCo and Intel Foundry Services (IFS) is possible. They added that the reorganization process looks to be in its early stages, with Intel’s new leadership moving forward with the plans. The company further expects TSMC to agree to acquiring a majority stake in Intel’s factories, a move requested by the Trump administration itself.

Intel’s Q4 2024 report revealed that its Data Center and Artificial Intelligence division, which offers processors to cloud providers and corporate server farms, generated $3.39 billion in revenues. On the other hand, Intel’s Network and Edge segment generated $1.62 billion, up 10% and above the $1.5 billion forecast. Intel Corporation (NASDAQ:INTC) also concluded a $7.86 billion US government grant to assist manufacturing in four states.