11 Best American Semiconductor Stocks to Invest In

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6. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 82

Intel Corporation (NASDAQ:INTC) is one of the best American stocks to buy in the semiconductor industry. On October 2, Bernstein reiterated its Market Perform rating on Intel Corporation (NASDAQ:INTC) with a price target of $21.

This decision came after a report from Semafor, which said that Intel Corporation (NASDAQ:INTC) is in early talks to possibly add Advanced Micro Devices, Inc. (AMD) as a foundry customer.

However, Bernstein pointed out that the report offered very limited details about what this potential deal could look like and how much of AMD’s manufacturing could move to Intel Corporation (NASDAQ:INTC) if a deal is made, or if the agreement would include a direct investment.

The research firm also said it is still possible that no deal will happen between Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices, Inc. (AMD).

Bernstein continues to believe that Intel Corporation (NASDAQ:INTC) faces serious challenges. However, the firm cautioned about shorting the stock because of headline risk, noting that “more volatility remains in store for the shares.”

Intel Corporation (NASDAQ:INTC) is an American company that manufactures central processing units (CPUs) and semiconductors.

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