"What an incredible comeback year it's been for fallen former chip darling Intel ( NASDAQ:INTC), which added to its gains last week after whispers that the firm might have a deal with Apple ( NASDAQ:AAPL) to make some of its Mac chips. Undoubtedly, if the rumor holds water, the needle-moving event may very well put the chipmaker back on the map as it looks to make the most of recent investments to fuel a comeback for the ages."
"That's why it's always important to keep tabs on valuation and where expectations stand. With Nvidia ( NASDAQ:NVDA) gaining less than 30% on the year, the AI chip king's stock has trailed Intel, and for how much longer? That remains unclear at this juncture. Either way, the wind at the back of Intel might not be so quick to fade, especially if news of more deals and partnerships look to act as a driver on shares through the new year."
"While buying on the back of rumors and double-digit percentage spikes typically isn't a good move, I do think that there's still ample value to be had in the likes of an Intel as we head into the new year, especially if news of the recent rumors looks to fade further. In the meantime, though, Intel stock is making new highs and could be one of the leaders as a potential Santa Claus rally looks to kick off in the coming weeks."
Intel experienced a pronounced market comeback with substantial recent gains after whispers of a potential deal to make Mac chips for Apple. The stock rose roughly 20% in a week, more than 77% over three months, and about 116% year-to-date. Comparisons show Nvidia lagging this year while Intel gains traction, though valuation and expectations warrant close attention. Buying on rumors carries risk, but some value may remain if speculative momentum fades. Continued deals, partnerships, and seasonal market rallies could further drive shares, while Apple has shifted to Apple Silicon and M-series chips.
Read at 24/7 Wall St.
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