If you’re thinking about investing in the stock market, it’s essential to keep up with the latest news and trends, especially in the tech industry. The computing market is experiencing significant shifts right now, which makes it a fascinating time for investors to get in on the action.
Unfortunately, one of the most beaten-up stocks on the market is Intel stock (INTC stock), a once-dominant player in the computer chip industry. In this article, we’ll discuss why Intel is struggling and which AI stocks to buy now.
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Why is Intel Stock Struggling?
Intel has been having a tough time for a while, and it’s not getting any better. The company’s most recent earnings call was one of its worst, with revenues and profits at levels that Intel hasn’t seen in over a decade. Intel’s stock prices have been declining since last year, and the company has been struggling to keep up with demand.
This decline is due to several factors, including lower demand for Intel’s products and increased production costs. Intel’s dividend yield, which was once over 5%, has been slashed by two-thirds, bringing it down to less than 2%.
Where is All the Demand Going?
Intel’s struggles are not unique to the company. The entire computing market is shifting, and demand for Intel’s products is declining. Many factors are contributing to this shift, including the fact that Apple is designing its own processors. Apple was one of Intel’s biggest clients at the time, but when they left, Intel lost a significant market share.
Additionally, there is a move from CPUs to accelerators, and computing is moving towards GPUs, which is a market that Intel isn’t currently in.
Which AI Stocks to Buy Now?
If you’re looking to invest in AI stocks, there are many options to consider. Here are a few of the top AI stocks to buy now:
1. NVIDIA Corporation (NVDA)
NVIDIA Corporation is a technology company that designs and manufactures graphics processing units (GPUs). These GPUs are used in a wide range of applications, including gaming, artificial intelligence, and autonomous vehicles. NVIDIA’s stock prices have been increasing steadily over the past year, making it a popular choice among investors.
2. Advanced Micro Devices, Inc. (AMD)
Advanced Micro Devices, Inc. (AMD) is another technology company that designs and manufactures microprocessors, graphics processors, and other computer components. AMD’s stock prices have also been increasing over the past year, and the company has been making significant gains in the market.
3. Alphabet Inc. (GOOGL)
Alphabet Inc. is the parent company of Google, the world’s most popular search engine. Google’s AI technology is widely used, and the company has been investing heavily in AI and machine learning. Alphabet’s stock prices have been steadily increasing, and the company is expected to continue growing in the coming years.
4. Amazon.com, Inc. (AMZN)
Amazon.com, Inc. is a multinational technology company that specializes in e-commerce, cloud computing, digital streaming, and AI. Amazon’s AI technology, including its virtual assistant, Alexa, has become ubiquitous in households worldwide. Amazon’s stock prices have been on the rise, and the company is expected to continue growing as more people turn to online shopping.
The computing market is experiencing significant shifts, and Intel stock is struggling as a result. However, there are many opportunities for investors to get in on the action by investing in top AI stocks such as NVIDIA Corporation, Advanced Micro Devices, Inc., Alphabet Inc., and Amazon.com, Inc. These companies are well-positioned to capitalize on the growing demand for AI technology and are expected to continue growing in the coming years.