AN OPPORTUNITY IN INTEL — AN ATTRACTIVE VALUATION AI PLAY
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Attractive Valuation
Many artificial intelligence stocks are very expensive. Intel (INTC) is a laggard both in terms of design and manufacturing. However, it offers an attractive valuation.
The Shift
Artificial intelligence computing is shifting from CPUs to GPUs. INTC primarily manufactures CPUs and has fallen behind in GPUs.
Manufacturing
INTC has fallen far behind Taiwan Semiconductor (TSM) in manufacturing high performance artificial intelligence chips.
National Security Angle
TSM is based in Taiwan. TSM is the prize that China wants to capture. We have been writing about the risk of China attacking Taiwan. … Please click here or the title below to read more.
June 6, 2023