12 AI Stocks on Wall Street’s Radar Today

7. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) develops and sells computing hardware, software, and semiconductor products, including processors, GPUs, storage, and AI solutions for various industries. On March 11, Christopher Danely from Citi maintained a “Hold” rating on the stock, raising concerns over a potential build in the CPU market. According to Danely, February notebook shipments increased 6% month-over-month, which was in line with its expectations given normal seasonality and a low comparison base.

The issue, the analyst pointed out, is how CPU shipments have grown at a low double-digit pace in the second half of 2024, while PC unit sales only achieved mid-single-digit growth.  The gap raises the likelihood of a stock pileup, creating downward pricing pressure. However, the firm expects PC units to increase 4% year-over-year with Q1 notebook shipments projected to drop 10% quarter-over-quarter due to a weak comparison base. For now, investors are on the lookout for a balance between production and end-user demand, particularly with the rise of AI-driven computing. Inventory management mistakes could lead to pricing pressure if demand fails to keep up.