tech
Friday's Intel rally is only the beginning, says tech investor Dan Niles
Niles listed Intel as his largest holding at one point this month.
TL;DR
- Intel shares surged to all-time highs after exceeding first-quarter earnings expectations.
- The company is experiencing booming demand for its CPUs, essential for agentic workloads in AI.
- Investor Dan Niles sees long-term upside, comparing Intel's current potential to Nvidia's past performance.
- Despite a current 'hold' rating from most analysts, Niles believes sentiment will eventually shift.
- Intel's stock has seen a substantial increase of around 275% over the past 12 months.