Analyst Explains Why Intel (INTC) Will Be a 'Multibagger' Stock - 'No One's Paying Attention'

We recently published 10 Buzzing Tech and AI Stocks Everyone’s Talking About. Intel Corp (NASDAQ:INTC) is one of the stocks analysts were recently talking about.

Thomas Hayes from Great Hill Capital said in a recent program on Schwab Network that he likes Intel because he believes the US government having a stake in the company will boost the chipmaker’s sales globally. He also believes Nvidia needs Intel. The analyst believes Intel could be a multibagger stock.

“You think President Trump is selling Boeing planes to all these countries around the world? Now that he owns $9 billion of stock, or we own $9 billion of stock, he’s going to be selling Intel Corp (NASDAQ:INTC) chips. So this $5 billion from Nvidia starts with CPUs and is going to lead to GPUs. Why? Not because Nvidia is doing charity work, but because Nvidia is capped at Taiwan Semiconductor’s $4 billion per quarter growth. They’re not demand-constrained—they’re supply-constrained. They need Intel to succeed. They need Intel’s fabs to succeed with advanced chips so they can supply all the unlimited demand for this around the world. So Intel Corp (NASDAQ:INTC) could be a multi-multi-bagger from here, and no one’s paying attention to it.”

While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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