Intel, Arm, and Marvell Have Each Been Cut in Half Since June. Only 1 Is a Stock I'd Buy Now.
Key PointsIntel sees fourth-quarter adjusted earnings per share of $0.25, under half its third-quarter figure.
Intel, Arm Holdings, and Marvell Technology all recorded record closes in June but have since lost around 50-60% of their value. As of Nov. 4, Intel closed at $58.27, down 59% from its June high of $140.94, Arm ended at $191.80, 56% below its June 18 record, and Marvell finished at $159.80, 50% under its June 4 close. Investors are wondering if Democrats' midterm wins might slow artificial intelligence data center expansion, especially after Texas elected a governor who backed a moratorium.
Despite these concerns, Marvell is the only one of the three stocks expected to see continued sales growth, and the author recommends buying Marvell stock, citing its favorable price-to-earnings ratio compared to Intel and Arm.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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