5 Best Edge Computing Stocks To Buy

In this article, we discuss 5 best edge computing stocks to buy. If you want to read our discussion on the edge computing market, head over to Edge Computing Market Size and Best Stocks To Buy. 

5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 86

Intel Corporation (NASDAQ:INTC) is a global technology company engaged in designing, developing, manufacturing, and selling computing and related products and services. The company offers a diverse product portfolio, including central processing units, chipsets, system-on-chips, mobile and desktop processors, graphics processing units, accelerators, memory, storage, connectivity, and networking solutions. Intel Corporation (NASDAQ:INTC) is one of the top edge computing market leaders to consider. 

On January 25, Intel Corporation (NASDAQ:INTC) reported a Q4 non-GAAP EPS of $0.54 and a revenue of $15.4 billion, exceeding Wall Street forecasts by $0.09 and $230 million, respectively. 

According to Insider Monkey’s fourth quarter database, 86 hedge funds were long Intel Corporation (NASDAQ:INTC), compared to 70 funds in the preceding quarter. William B. Gray’s Orbis Investment Management is the biggest stakeholder of the company, with 16 million shares worth $801.35 million. 

Upslope Capital Management stated the following regarding Intel Corporation (NASDAQ:INTC) in its fourth quarter 2023 investor letter:

“Intel Corporation (NASDAQ:INTC) – New Long: This is not a traditional long for Upslope in any sense. Intel is outside of the box in terms of typical sector and market cap focus, and the position is really a portfolio hedge (and structured as such). The thesis is very simple: Intel is uniquely positioned to benefit in two important scenarios, both of which require “protection” for Upslope’s portfolio: a continued melt-up in technology stocks and/or rising tensions over Taiwan. Combined with expectations and sentiment around Intel that were incredibly low, this nudged me to add exposure via long-dated INTC call options. While still material in terms of delta-adjusted exposure, the position has been reduced repeatedly and is much more modest today.”