In a program on CNBC, experts talked about the semiconductor stocks to buy. Intel Corporation (NASDAQ:INTC) and Micron Technology, Inc. (NASDAQ:MU) are the favorite options. Experts called Intel Corporation (NASDAQ:INTC) a buy because it has a huge market potential. An expert said that Intel has good dividends and valuations. Intel is also investing in internet of things, which is potentially a trillion dollar market. The only area Intel is unable to play good at is mobile. But with the low-end market movies in Asia, Intel Corporation (NASDAQ:INTC) could make a pretty strong comeback. Intel Corporation (NASDAQ:INTC)’s next quarter is going to beat the estimates because the company is making some really important moves. Intel Corporation (NASDAQ:INTC)’s quarter was better than expected, given the fact that PC market is shrinking around the world. The company needs a breakthrough in mobile.
The other expert said that Micron Technology, Inc. (NASDAQ:MU) is a good option to buy. PC market revenue was around $35 billion last year. Micron Technology, Inc. (NASDAQ:MU) is currently trading at $27, $28. The expert said that the upper limit estimate for Micron Technology, Inc. (NASDAQ:MU) is around $33. With a $1 risk, Micron is a great buy and can bring huge opportunities in the longer run.
Intel Corporation (NASDAQ:INTC)’s margins improvement and cost cut in equipment was surprisingly pleasant news for the investors. The company has shown an upward trend. Intel was losing around $4 billion annually in the mobile sector. This would stop this quarter. Also, the company has huge opportunities in the data center business.
Micron Technology, Inc. (NASDAQ:MU) on the other continues to be the behemoth in the low end of the semiconductor business.
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