30 Best AI Stocks to Buy According to Billionaires

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18. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83  

Number of Billionaire Investors: 15

Value of Billionaire Holdings: $953 Million    

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. The company has undergone a major restructuring in the past few months. It recently received about $1.9 billion following the completion of a sale of its NAND memory technology and manufacturing business to the South Korean tech giant SK hynix. Lip-Bu Tan, the new CEO of the chip giant, is reportedly considering a revamp of the company’s approach to AI and job cuts. One of the potential changes is a change to the manufacturing operations of the firm to make semiconductors for AI giants like NVIDIA. The Intel foundry already makes chips for other AI giants like Microsoft and Amazon but Tan intends to target new customers. The firm is also looking to expand in areas like software, robotics and AI foundation models.

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