Coatue’s 35 Most Important AI Stocks

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19. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. There are several reasons why this company is a worthwhile investment. As per the report for the third quarter of 2024, total revenue was $13.3 billion, which shows that the company is generating substantial sales, a healthy indicator of ongoing market activity and business operations. Also, the company continues to lead the AI PC category and will ship more than 100 million AI PCs by the end of 2025. Intel and Amazon Web Services (AWS) are also finalizing a multi-year, multi-billion-dollar commitment to expand the companies’ existing partnership to include a new custom Xeon 6 chip for AWS on Intel 3 and a new AI fabric chip for AWS on Intel 18A.

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