Intel Corp (NASDAQ:INTC) is a global semiconductor leader, the world’s number 1 semiconductor vendor by revenue in 2020, that develops and markets solutions for the cloud, and smart and connected devices for retail, industrial, and consumer uses. DCG, IOTG, Mobileye, NSG, PSG, CCG are the segments through which the company operates. The company also provides Internet of Things (IoT)products that include high-performance computer solutions for targeted verticals and embedded applications.
INTC has appointed Pat Gelsinger as the new eighth CEO of the company. Gelsinger is an industry veteran with more than four decades of technology and leadership experience and has been a part of INTC for the past 30 years.
In January 2021, Intel reported an impressive fourth-quarter earnings beat. This high-quality company is selling nearly equal to valuation. The company’s P/E ratio has the potential to rise in the medium term on expectations of steady demand growth and the company’s potential foray into the GPU market, thus driving the stock price higher. Intel ntel had put 10 Billion Dollars into their company during their buyback five months ago. More analysts are upgrading Intel stocks. Therefore, this giant chip technology manufacturer has room for further upside.
In summary, current Intel stocks owners could patiently hold for further growth and collect dividends. Also, investors, who like steady growth stocks, should consider buying Intel stocks for long term.