Is Intel (INTC) One of the Best American Semiconductor Stocks to Buy?

Intel Corporation (NASDAQ:INTC) is one of the 11 Best American Semiconductor Stocks to Invest In. 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.

Is Intel (INTC) One of the Best American Semiconductor Stocks to Buy?

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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.

While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTC and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.