The world's largest semiconductor company (as measured by revenue), Intel (NASDAQ: INTC), has not been having a good go of it as of late. The company has fallen behind technologically to leading chip fabrication behemoth Taiwan Semiconductor (NYSE: TSM), and myriad other chip designers like NVIDIA (NASDAQ: NVDA) have been scooping up sales from Intel's dominant PC and data center biz. Intel has a plan to invest heavily in its fabrication process and revamp its product designs, though, and some investors have drawn parallels between Intel now and where scrappy general purpose chip company AMD (NASDAQ: AMD) was in the years following the Great Recession of 2008-2009.
In the latest trading session, TSMC (TSM) closed at $119.45, marking a -1.27% move from the previous day.
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.