Intel (INTC) Loses Ground in Q1 Chip Battle to ARM
We recently published a list of . In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other AI stocks on Wall Street's radar.
Days after the Biden-era rule on AI chips export was rescinded, a bipartisan group of eight U.S. lawmakers has now introduced a bill requiring makers of artificial intelligence chips to include technology that verifies the location of their chips before exporting them.
Introduced in the U.S. House of Representatives, the Chip Security Act will aim to address reports of U.S. export-controlled AI chips being smuggled into China.
The bill comes shortly after US President Donald Trump began his tour of the Middle East this week, announcing several deals that will send AI chips to countries in the Middle East. This has been despite growing opposition from some inside the US government.
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'In order for the United States to maintain our technological advantage, we must employ safeguards to help ensure export controls are not being circumvented, allowing these advanced AI chips to fall into the hands of nefarious actors.'
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ().
A technician soldering components for a semiconductor board.Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. On May 14, Citi revealed that Mercury Research has released estimates for Q1 microprocessor shipments and market share. The estimates reveal that Q1 MPU units are down 6.1% quarter-over-quarter, above the usual seasonal drop of 9.4%.
The analyst told investors in a research note how ARM Holdings has gained market share over both AMD and Intel (INTC). ARM gained 281 basis points quarter-over-quarter with 13.6% in MPU unit share, AMD lost 99 basis points, and has 21.1% of the overall MPU unit share. Meanwhile, Intel lost 182 basis points and has a 65.3% share. The firm has maintained a 'Neutral' rating on Intel and AMD shares.
Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $20 implies a 3.15% upside, however, the Street-high target of $27 implies an upside of 39.25%.
Overall, INTC ranks 8th on our list of AI stocks on Wall Street's radar. 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 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at .
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