Rumor Has It That Nvidia Is About to Become a Major Intel Customer. How Should You Play INTC Stock Here?

Once synonymous with chips with its ubiquitous “Intel Inside” branding, Intel (INTC) has been dislodged from its preeminent position with the emergence of much nimbler peers such as Nvidia (NVDA) and Advanced Micro Devices (AMD). Nvidia and AMD have seen their share prices soar by a sizzling 1,727% and 150% over the past five years, respectively, while Intel’s shares have corrected by 56% in the same period.

While poor execution, leadership changes and questionable acquisitions have been cited as reasons for the downfall, the ex-CEO of Cadence Design Systems (CDNS) ​Lip-Bu Tan has been given the responsibility to turn around the company after former CEO Pat Gelsinger’s failed return at the helm.