3 Chip Stocks Performing Better Than Intel (INTC)

[Investing Insights Daily]( September 22nd, 2023 SPONSORED AD [The ONLY Way to Play Markets Like These]( Warren Buffett said, "Price is what you pay... value is what you get." The best investor in the world knows the only way to prosper (especially in markets like these)... is to invest in VALUE. But this stock that's less than $2 could be the last value play in the market today. [See Why This $2 Stock Could Be $50 and STILL Be a Bargain - Click Here]( [3 Chip Stocks Performing Better Than Intel (INTC)]( Despite experiencing a slowdown during the second half of 2022, the semiconductor industry achieved its highest-ever annual sales, with a [3.3% year-over-year increase](. Despite the near-term challenges of high inflation and declining consumer demand, industry experts hold an optimistic long-term outlook for the semiconductor sector due to its growing applications across various fields. In this piece, I have discussed the reasons why I think Cohu, Inc. ([COHU]( – [Get Rating]( ROHM Co., Ltd. ([ROHCY]( – [Get Rating]( and ChipMOS TECHNOLOGIES INC. ([IMOS]( – [Get Rating]( are performing better than Intel Corporation ([INTC]( – [Get Rating]( and could be wise investments now. According to Gartner, global semiconductor revenues will decline [11.2% in 2023](. Although the long-term growth prospects of the semiconductor industry look bright, the current macroeconomic headwinds will continue to put pressure on the chip industry in the short term. Gartner’s Practice VP Richard Gordon said, “As economic headwinds persist, weak end-market electronics demand is spreading from consumers to businesses, creating an uncertain investment environment.” The sector is poised for long term growth, due to the increasing interest in generative AI, which is expected to elevate the demand for advanced semiconductor chips. INTC reported better-than-expected earnings and revenue in the second quarter. The company returned to profitability after two consecutive quarters of losses. For the third quarter, it guided for EPS of 20 cents per share and revenue of $13.40 billion at the midpoint. INTC’s third-quarter earnings and revenue forecast were higher than the Street estimates of 16 cents per share and $13.23 billion, respectively. INTC CEO Pat Gelsinger said that the company continues to witness “persistent weakness” in all segments of its business through year-end, and its server chip sales will not recover until the fourth quarter. He also highlighted that cloud companies were securing graphic processing units (GPUs) for artificial intelligence (AI) instead of its central processors. Due to demand softness in the consumer electronics market, demand for chips will remain subdued, putting pressure on… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019