Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 25, 2022

Article Excerpt

INTEL CORP., $51.83, Nasdaq symbol INTC, remains a buy for long-term gains. The company is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres. Intel is now buying Israeli software firm Granulate. Its products monitor the performance of programs on cloud-based server systems and optimizes them without the need to re-write code. That helps its clients cut their power costs. The company will reportedly pay $650 million for Granulate. To put that price in context, Intel earned $4.5 billion, or $1.09 a share, in the fourth quarter of 2021. Granulate currently works closely with Intel’s Mobileye self-driving car business, which is also based in Israel. That experience helps cut the risk of this acquisition. Moreover, investors will benefit from Intel’s plan to sell shares in Mobileye later this year. Intel acquired Israel-based Mobileye in 2017 for $15.7 billion. While it has yet to announce the details of the IPO, other than it will…