We recently published a list of 10 Stocks Market Experts are Talking About These Days. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other stocks that market experts are talking about these days.

Piper Sandler’s Chief Market Technician Craig Johnson said in a latest program on CNBC that despite the recent market volatility and “negative” headlines, he sees buying opportunities for long-term investors.

“The headlines out here are extremely negative all over the place and the sentiment toward this market is absolutely awful. Typically, you find these readings near sort of bear market lows, which is what you typically see. And if you also start to look at the VIX, it is elevated out here at this point in time. Now, technically we have broken some uptrends, we’ve closed below 50 and 200-day moving averages, but we’re getting to some pretty washed-out levels. I started looking at new highs, new lows, breadth indicators, and all these pieces. And we’re starting to get to levels where you look back and say, “Is this 1989? Is this a period of time that’s like the great financial crisis or the ’87 market crash?” And I think the answer to that is flat out no. So, we’re setting ourselves up for, I think, a potentially pretty good buying opportunity. All this negativity, and again, as Warren Buffett has said, you’ve got to be greedy when people are fearful. When people are greedy, and definitely a lot of fear out here, that seems to me to be a little bit misplaced on the charts.”

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Intel Corporation (NASDAQ:INTC)

Number of Hedge Funds Investors: 68

Vivek Arya, Bank of America senior semiconductor analyst, said in a latest program on CNBC that the appointment of Lip-Bu Tan as new CEO was a very positive move by Intel Corporation (NASDAQ:INTC) and he’s hopeful of a turnaround at the company.

“I think this is a very smart move by Intel’s board. We think Lip-Bu brings a very fresh outsider’s perspective to the company. There are a lot of challenges ahead of them in trying to decide the right strategy for their manufacturing group and their product pipeline. You know, there still is no AI pipeline for the company. The manufacturing side is behind. But we think what Lip-Bu brings to the table is a broad expertise around the design side. He has worked well with foundries and was at Cadence Design Systems, so he knows how to work with external tools. At Cadence, he did a lot of restructuring, so I think he brings the right level of experience, knowledge, respect, and relationships across the supply chain. But we do think, you know, turnarounds don’t happen overnight. It takes a while to really manage something that is so asset-heavy. So we just think it’s a matter of time, but this is a very strong move.”

Invesco Growth and Income Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q3 2024 investor letter:

“Intel Corporation (NASDAQ:INTC): The chipmaker reported weaker-than-expected quarterly results as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward; the stock fell on the news. We sold the position during the quarter.

The chipmaker’s quarterly earnings report was weaker than anticipated as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward. Given that a potential recovery appears to be further in the future than we originally anticipated, we sold the position.”

Overall, INTC ranks 6th on our list of stocks that market experts are talking about these days. While we acknowledge the potential of INTC, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.