Post Content
Intel Corporation (NASDAQ:INTC) is one of the Best Multibagger Stocks to Buy for Long Term. On April 10, Benchmark lifted its price objective on the company’s stock to $76 from $57, while maintaining a “Buy” rating. The analyst noted the company’s recent announcements, stating that they address both the critical debates in the company’s stock. Notably, on April 9, Intel Corporation (NASDAQ:INTC) and Google announced a multiyear collaboration, focusing on advancing the next generation of AI and cloud infrastructure.
The firm’s analyst believes that this announcement happens to be a cleaner near-term fundamental development. The CPUs are central in heterogeneous AI systems, and x86 has a durable role inside the hyperscale infrastructure, added the analyst.
Notably, on April 7, Reuters reported that Intel Corporation (NASDAQ:INTC) will be joining Elon Musk’s Terafab AI chip complex project with SpaceX and Tesla. With respect to this, the analyst believes that it serves as a critical symbolic validation of Intel 18A moving closer to commercial credibility.
Intel Corporation (NASDAQ:INTC) is a semiconductor company specializing in computing & related end products and services through its CCG, DCAI, and Intel Foundry segments.
While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.
Disclosure: None. Follow Insider Monkey on Google News.