$Intel(INTC)$ What people often miss is Intel's massive total addressable market. TSMC is worth $2T today. Intel is pushing quickly into that space. Nvidia is valued at $4T now. Intel has plans to improve Gaudi 3, but more importantly, to produce Jaguar Shores and other AI rack options to better compete with Nvidia. Remember, Intel being behind in advanced process nodes hurt its design business. As 18A and 14A ramp up, the design side gets more competitive too. Intel is also stopping the market share losses in server CPUs to AMD. So, Intel is unique in that it plays in TSMC, Nvidia, AMD, robotics, specialized packaging, and the custom chip space. The TAM is extremely high. They don't have to be a leader in any one of them. If they are viable in all of them, that could translate to a market cap of $1.5T to $2T.
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