13 Best Edge Computing Stocks to Buy According to Hedge Funds

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund holders: 83

Intel Corporation (NASDAQ:INTC) plays a crucial role in building the hardware and software infrastructure that enables edge computing. The semiconductor company designs and manufactures CPUs, GPUs and AI chips that power edge devices. Intel has frameworks like OpenVINO, which helps developers run AI models efficiently on edge devices. The company also backs edge computing with open-source tools and SDKs. It powers edge computing across industries like healthcare, manufacturing, retail and energy.

Intel Corporation (NASDAQ:INTC) is making progress on the foundry space. The Intel 18A manufacturing process is fully developed and now in limited production. The challenge for the company will be to scale up production and score enough new clients to push the foundry toward profitability. Additionally, Intel and TSMC have reached a preliminary agreement to form a joint venture. TSMC would acquire a 20% stake in Intel’s chip-manufacturing division. This venture aims to enhance Intel’s manufacturing capabilities while aligning with U.S. objectives to bolster domestic semiconductor production.