20 Best Data Center Stocks to Buy According to Billionaires

10. Intel Corp. (NASDAQ:INTC)

Number of Billionaire Investors: 15

Billionaire Holdings: $953 million

Number of Hedge Fund Holders: 83

Intel Corp. (NASDAQ:INTC) is a global leader in the design and production of microprocessors and semiconductor components, powering everything from personal computers to data centers and Internet of Things (IoT) applications. The company is widely recognized for its advancements in CPU architecture and process technology, maintaining a strong presence in the semiconductor industry.

On March 12, Intel Corp. (NASDAQ:INTC) announced the appointment of Lip-Bu Tan as its new permanent CEO, effective March 18. The news was met with enthusiasm, sending the stock up 10% in after-hours trading. Tan, who previously served as CEO of Cadence Design Systems from 2009 to 2021, is regarded as a highly accomplished technology leader with extensive experience in the semiconductor industry. His appointment comes after years of speculation about potential strategic moves for Intel, including asset sales, spin-offs, or even a possible acquisition by another semiconductor giant or private equity investors. Many view this leadership change as a step in the right direction for the company.

Following the announcement, Wells Fargo analyst Aaron Rakers reaffirmed his Equal Weight rating on Intel Corp. (NASDAQ:INTC) with a $25 price target. While he acknowledged the appointment as a positive development, he believes the market reaction is largely driven by expectations of broader strategic changes, such as an accelerated Foundry strategy, potential spin-offs, or other corporate restructuring efforts. The move signals a potentially more dynamic approach to Intel’s future direction, as per the analyst.