Investing.com investing.com 05 Jan, 2021 07:30 am

Is Intel A Tech Stock Worth Buying In 2021?

Is Intel A Tech Stock Worth Buying In 2021?
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: Intel Corporation, Apple Inc, Amazon.com Inc, NVIDIA Corporation. Read Investing.com (Haris Anwar/Investing.com)'s latest article on Investing.com

It was a period when the world’s largest maker of chips lost its investment appeal as smaller competitors gained ground and the company’s factories failed to bring the latest and fastest chips to the market.That demand surge propelled earnings in the past three quarters, helped by the continuing strong shipments to data centers run by the world’s largest cloud-computing firms, like Amazon.Its competitors, including Advanced Micro Devices (NASDAQ: AMD ) and NVIDIA (NASDAQ: NVDA ), design chips that are built by outsiders, led by Taiwan Semiconductor Manufacturing (NYSE: TSM ).p It has fallen about 17% in the last 12 months, when rivals, including AMD and NVIDIA, more than doubled in value.

” Loeb added that Intel has to be able to make products that serve big players like Amazon (NASDAQ: AMZN ) and Apple (NASDAQ: AAPL ), which are developing their own chip designs and having them manufactured abroad.On the other hand, the pandemic has boosted demand for Intel’s high-margin products, including its most advanced processors for data centers.

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