Intel Corp (NASDAQ:INTC)
CAPS Rating:
Chip giant Intel develops advanced integrated digital technology platforms and components for the computing and communications industries.
Chip giant Intel develops advanced integrated digital technology platforms and components for the computing and communications industries.
Recs
High conviction pick for me. At this price INTC is undervalued and simply a great bargain. The stock is priced as though it has lost the mobile chip war, and as though it has no future in PCs. I predict Intel will gain a 10% share of mobile in the next 2 years, and will likely fracture the market and take 40-50% share within 5 years. Meanwhile, PC servers will continue to power the web, cloud and enterprise data centers around the planet, and especially in China.
For some reason, most analysts also seem to overlook Intel's other business lines, such as their SSD and other non-microprocessor chips. These will account for 40% of Intel's business in 2-3 years.