#6 - Intel (NASDAQ:INTC)
Intel Corp. (NASDAQ: INTC) may seem like an odd choice as a Trump tariff winner. The stock is down more than 50% in 2024, and the largest drop has come since the company’s third quarter earnings report that showed a significant miss on the bottom line.
Intel was one of the winners of the CHIPS Act and was awarded $3 billion to build four foundries in the United States. That will make the company’s total award $11.4 billion. The new money is expected to start by the end of 2024.
That can’t come too soon for a company that has several encouraging launches in 2025 in addition to a deal with Amazon.com Inc. (NASDAQ: AMZN). The stock has plenty of risks, including the company’s own history of not delivering on expectations. But if you’re looking for a “Made in America” play, INTC stock may be a name to watch.
About Intel
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
Read More - Current Price
- $23.65
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 25 Hold Ratings, 5 Sell Ratings.
- Consensus Price Target
- $30.12 (27.3% Upside)
