In this video I will be talking about Intel (NASDAQ: INTC) and why I believe the company might turn it around. In the last couple of years, Intel has been losing market share to AMD (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA), but it feels as if the company has reached rock bottom, and it might be the perfect time to pick up some shares. You've probably heard this before, but there's a global chip shortage, and it's affecting most if not all industries on the planet because semiconductors nowadays are used in almost everything.
The popularity of mining Bitcoin and other cryptocurrencies has increased attention on the shortage of semiconductors, which are used in the computers that mine cryptocurrency. While chip stocks have surged higher as prices have risen for this critical tech component, cryptocurrency mining may not hold as much influence over the chip sector as many people might assume. There are several factors that have led to the current chip shortage.
Zoom Video's first-quarter revenue soars, but the stock stays grounded. Etsy (NASDAQ: ETSY) plans to buy Depop, a secondhand-fashion app, for $1.6 billion. In this episode of MarketFoolery, Motley Fool analyst Tim Beyers analyzes those stories, as well as Taiwan Semiconductor's (NYSE: TSM) plans to invest billions in a new factory in Arizona.