Morgan Stanley’s Top 5 Stock Picks for 2024

2. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 86

2024 Return so far: -38%

Intel Corporation (NASDAQ:INTC), headquartered in Santa Clara, California, is a prominent American multinational corporation and technology company. It is well-known for its leadership in semiconductor chip manufacturing, particularly in the x86 series of instruction sets widely used in personal computers.

Insider Monkey’s fourth-quarter database revealed that 86 hedge funds held long positions in Intel Corporation (NASDAQ:INTC), an increase from 70 funds in the previous quarter. The largest stakeholder of the company was William B. Gray’s Orbis Investment Management, which owned 16 million shares valued at $801.35 million.