Bullish on Intel in 2023? Buy This Top Chip Stock Instead

As iconic a company as Intel (NASDAQ: INTC) is, the bear market and recent severe downturn in consumer spending on electronics (like PCs and laptops) have done a number on "chipzilla." Revenue is in decline, which has dropped Intel to third place in largest chip companies by sales (the top spot is now held by Samsung, and Taiwan Semiconductor Manufacturing (NYSE: TSM) is in a close second place). There's hope Intel can make a comeback, especially as it retools its data center offerings and chips for consumer electronics.