Bull
- Intel is one of the largest semiconductor companies in the world and holds the lion's share of the PC and server processor markets. u
- Intel is making some smart moves in its turnaround plans, such as shedding some noncore businesses, spinning off shares of its attractive automotive business (Mobileye), and seeking innovative co- investment partnerships with financial firms. u
- The AI semiconductor market is booming, and Intel is one of the few merchant firms with a diverse enough portfolio to serve a larger portion of the market.
BEAR
- Intel encountered significant manufacturing delays in years past, and there is no guarantee that it can execute well in its aggressive aspirations to develop five process nodes in four years.
- Even if Intel can regain manufacturing parity with TSMC, AMD now sits as a far more credible chip designer in the x86 space for PC and server CPUs.
- Nvidia ’ s GPUs have captured most of the artificial intelligence accelerator market, and cloud computing spending may continue to shift toward these GPUs, and away from Intel ’ s products, over time.
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