5 Best Affordable Stocks To Buy

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In this article, we discuss the 5 best affordable stocks to buy now. To go through our detailed analysis of the current stock market investment trends, you can go directly to read the 15 Best Affordable Stocks To Buy.

5. Intel Corporation (NASDAQ:INTC)

Share Price as of January 19: $48.24

Number of Hedge Fund Holders: 70

Intel Corporation (NASDAQ:INTC) is a California-based American multinational corporation and technology company with its headquarters in Santa Clara. Acknowledged as one of the global leaders in semiconductor chip manufacturing based on revenue, Intel Corporation (NASDAQ:INTC) has played a pivotal role in advancing the x86 series of instruction sets, widely utilized in personal computers.

As of the end of Q3 2023, 70 hedge funds tracked by Insider Monkey reported having stakes in Intel Corporation (NASDAQ:INTC), down from 71 in the previous quarter. The consolidated value of these stakes is over $2.13 billion. With over 11 million shares, Millennium Management was the company’s leading stakeholder in Q2.

ClearBridge Investments commented on Intel Corporation (NASDAQ:INTC) in its third quarter 2023 investor letter. Here is what it said:

“We also added to our position in Intel Corporation (NASDAQ:INTC) to take advantage of signs that it continues to make progress on its goal of regaining technology leadership. Intel appears to be executing its technology/product roadmap; the company is on track to ramp up PC and server products over the next 12 months on advanced manufacturing nodes that we believe will be more competitive with chief rival Advanced Micro Devices. We also see green shoots in the PC and server markets, with an increasing possibility of a cyclical recovery in both end markets in 2024.”

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