Intel Appears Set to Break Higher
(NASDAQ:INTC) is looking to mount an aggressive all-out attack on the rapidly growing artificial intelligence (AI) segment that promises to be the next major technological" width="300" height="182" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/INTC-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/INTC-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/INTC-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />
Buz Investors Intel Corporation’s Next Move (NASDAQ:INTC) is looking to mount an aggressive all-out attack on the rapidly growing artificial intelligence (AI) segment that promises to be the next major technological innovation for the decades ahead.
Faced with the alternative of a slow death from the deteriorating personal computer (PC) and legacy markets, Intel appears to finally understand the crux of the situation after witnessing the superlative moves in rivals Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA) on the charts.
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Intel Corporation’s Next Move
AI technology that enables machines to communicate with each other and carry out tasks more independently is the wave of the future. Simply look at the growth of autonomous vehicles and applications that demand advanced AI.
This Move Will Be a Game Changer for INTC Stock
The announcement by Intel that it is forming a new “Artificial Intelligence Products Group” (AIPG) was a game changing move that , in my view, could elevate INTC much higher.
The simple recognition of the critical importance of AI could prove to be the next big step forward for INTC stock that could finally see the stock break toward $40.00.
Intel is also acquiring Mobileye NV (NYSE:MBLY), a developer of widely used hardware and software AI technologies for vehicles, in a $15.3 billion deal. Mobileye represents the eyes behind a vehicle, whether driven by a person or autonomously and is an excellent addition for Intel.