Is Intel (INTC) One of the Best American Semiconductor Stocks to Buy?

Intel Corporation (NASDAQ:INTC) is one of the 11 Best American Semiconductor Stocks to Invest In. On October 2, Bernstein reiterated its Market Perform rating on Intel Corporation (NASDAQ:INTC) with a price target of $21.

This decision came after a report from Semafor, which said that Intel Corporation (NASDAQ:INTC) is in early talks to possibly add Advanced Micro Devices, Inc. (AMD) as a foundry customer.Is Intel (INTC) One of the Best American Semiconductor Stocks to Buy?

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However, Bernstein pointed out that the report offered very limited details about what this potential deal could look like and how much of AMD’s manufacturing could move to Intel Corporation (NASDAQ:INTC) if a deal is made, or if the agreement would include a direct investment.

The research firm also said it is still possible that no deal will happen between Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices, Inc. (AMD).

Bernstein continues to believe that Intel Corporation (NASDAQ:INTC) faces serious challenges. However, the firm cautioned about shorting the stock because of headline risk, noting that “more volatility remains in store for the shares.”

Intel Corporation (NASDAQ:INTC) is an American company that manufactures central processing units (CPUs) and semiconductors.

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READ NEXT: 15 Best American Tech Stocks to Buy Right Now and 10 Most Profitable Stocks of the Last 5 Years.

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

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