Intel is poised for a big comeback

Article Excerpt

Intel’s expansion into new growth areas like 5G network infrastructure, artificial intelligence, and self-driving cars should fuel its growth for years to come. Still, the stock has lagged the company’s main competitors, including Advanced Micro Devices and Nvidia. That’s mainly due to concerns that manufacturing delays for its 7-nanometer chips will erode its technological advantage. Intel has overcome production setbacks before, and we’re confident it will do the same with this current challenge. INTEL CORP. $44 is a buy. The company (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.1 billion; Market cap: $180.4 billion; Price-to-sales ratio: 2.3; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.intel.com) is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all data centres. To cut its reliance on personal computers, Intel has used acquisitions to expand into faster-growing markets such as cloud computing, self-driving cars and artificial intelligence (AI). For example, in late…