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Once a titan of the semiconductor industry, Intel (INTC) has struggled in recent years to keep up with rapidly evolving competition, particularly in the burgeoning field of artificial intelligence (AI). It has lost manufacturing leadership to Taiwan Semiconductor (TSM) and has lagged behind the AI revolution led by Nvidia (NVDA) and Advanced Micro Devices (AMD).
However, recent developments imply the company may be quietly preparing for a significant turnaround. Its second-quarter results show a business undergoing significant transformation under a disciplined new leadership team and a renewed emphasis on AI. Intel stock is up a mere 1.94% year to date, but analysts expect 200% upside from current levels.