We recently published a list of 10 AI News You Can’t Miss. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other AI news you can’t miss.
The AI stocks selloff that started following the launch of DeepSeek is still impacting the US markets. Aswath Damodaran, NYU Stern School of Business professor of finance, said in a recent program on CNBC that he believes innovation in AI technology like DeepSeek and new models would “commoditize” AI products and could result in lower spending.
“In my view, what it does is reduce the total size of the segment of the AI market that needs high-power chips and immense amounts of data. Whether deep seek is a fake or whether it’s going to pass by, what it opens people’s eyes to is that not all AI products and services need these incredibly powerful chips and huge amounts of data and huge data centers. You can get there with much cheaper devices. I think for many companies, when they look at the AI products and services they have to develop, they don’t need this high-powered stuff. They don’t need to spend the tens of billions of dollars up front. So, I think that’s the real worry you have to have.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks trending based on the latest news. For each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A hacker on his laptop. Photo by Sora Shimazaki on Pexels
Intel Corporation (NASDAQ:INTC)
Number Of Hedge Fund Investors: 83
Steven Dickens from HyperFRAME Research said during a program on Schwab Network that he believes Intel Corporation (NASDAQ:INTC) is still in its early stages of chip buildup. According to Schwab Network, Dickens believes Intel is undervalued.
“I think Intel’s early in its journey with the lab. They’ve got some breakthrough wins with AWS for some of the stuff they’re doing there. 18A is coming, and what I hear about that is all positive. They’re probably going to beat TSMC to the market for that. Where we’re looking at is building out a fab facility. We’re talking about ASML machines—they’re $350 million each. So it’s a “build it and they will come” strategy. I think Pat Gelsinger was right in trying to keep IFS as part of Intel. And I think what we’re seeing is if Intel’s board is given time and we can fill the void left by Pat Gelsinger, that strategy is going to work out.”
Invesco Growth and Income Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q3 2024 investor letter:
“Intel Corporation (NASDAQ:INTC): The chipmaker reported weaker-than-expected quarterly results as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward; the stock fell on the news. We sold the position during the quarter.
The chipmaker’s quarterly earnings report was weaker than anticipated as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward. Given that a potential recovery appears to be further in the future than we originally anticipated, we sold the position.”
Overall, INTC ranks 6th on our list of AI news you can’t miss. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
