Why Intel Corp. Should Remain On Your Watch List
The world's largest chip maker, Intel Corporation (NASDAQ:INTC) has just hit highs not seen since the dot-com boom, a rebound which has taken nearly two decades to come to fruition, but one which many long-term investors have believed in over the years.
The company's position as a global leader in chip production remains unparalleled, and while other smaller rivals have popped up looking to take market share away in some of the more profitable high-performance chip niches, Intel has remained a solid long-term play for investors betting on the continued technological advancement of the global economy and the requirement for an ever-increasing amount of computer chips unlikely to cease any time soon.
With Intel's share price hovering around the $48 level, a market capitalization of nearly a quarter-of-a-trillion dollars has propelled Intel into some elite company with other mega-caps which have continued to grow in recent years. With companies such as Apple Inc. (NASDAQ:APPL) continuing to outperform despite approaching a market capitalization of nearly $1 trillion, I expect this psychological barrier to be broken through soon, providing much more room for companies such as Intel to grow in terms of valuation, supporting by strong bottom line growth of course.
Both Intel and Apple deserve to be on every investor watch list in the coming months, and given the recent comments by the company that the highly covered security flaws in computer chips worldwide will not impact earnings in a meaningful way, the company's upward trajectory looks to be unimpeded at this point in time.
Invest wisely, my friends.