5 New Stocks Reddit’s WallStreetBets is Buying

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1. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 66   

Intel Corporation (NASDAQ:INTC) makes and sells essential tech for smart devices. Redditors have hailed the massive investments that Intel is making into chip manufacturing to compete with Chinese chip makers in the long run. 

Northland analyst Gus Richard recently upgraded Intel Corporation (NASDAQ:INTC) stock to Market Perform from Underperform with a price target of $49, noting that Intel could become a Western alternative to Chinese chip makers under a new expansion plan.

At the end of the third quarter of 2021, 66 hedge funds in the database of Insider Monkey held stakes worth $6.4 billion in Intel Corporation (NASDAQ:INTC), down from 78 in the previous quarter worth $6.7 billion.

You can also take a peek at 10 Stocks Jim Cramer and Ken Fisher Have in Common and 10 Best Nickel Stocks to Buy Now.

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