Analyst Says Intel (INTC) Doesn't Have AI Strategy 'As Visible' As Top Rivals

We recently published 10 Trending Stocks Moving These Days. Intel Corp (NASDAQ:INTC) is one of the trending stocks moving these days.

Ben Reitzes, Melius Research’s head of technology research, said in a recent program on CNBC that while he likes Intel’s leadership, he cannot recommend the stock. Here is what the analyst said:

“Lip-Bu Tan—we’re big fans. We’ve known him before, and he’s somebody people like and people want to work with. Give him a chance. There’s some speculation around him even working with AMD because we know he’s tight with Lisa Su, who’s a great CEO in her own right. Intel Corp (NASDAQ:INTC)—we’re watching. We’ve seen this surge here. It might take a rest for a little while because I don’t think the numbers are there near term. But with the backing of the US government, which I think was a really nice move by the Trump administration, you can’t count them out. You can’t count them out, but they really don’t have an AI strategy that’s as visible as the others that we recommend.”

Ben Reitzes said he’s recommending Nvidia, Broadcom and AMD.

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.