Buy These Three Technology Stocks
Last week, three tech firms posted quarterly results. This gives investors enough information to consider buying those stocks.Intel (INTC) closed below $20 after posting fourth-quarter results. The PC chip giant earned $0.13 (non-GAAP) in EPS. Revenue fell by 7.4% Y/Y to $14.26 billion.Intel said that the next-generation chip, Panther Lake is on schedule. The architectural advancements are comparable to those made by Taiwan Semiconductor (TSM). The company will launch this chip in the second half of this year. It expects the Nova Lake chip released in 2026.Apple (AAPL) reported record-breaking Q1 revenue on Jan. 30. Revenue increased by 4% Y/Y to $124.3 billion. EPS was a record $2.40 (+10% Y/Y). The company disproved the skeptics who doubted Apple Intelligence would drive sales. The AI is now available on the iPhone, iPad, and Mac.Apple’s strong overall performance more than offset weak sales in China. Long-term investors who held AAPL stock may consider adding to their position.In the speculative segment, look at Mobileye (MBLY). Though revenue of $490 million is down by 23.1% Y/Y, the non-GAAP EPS of $0.13 beat expectations. The company guided an adjusted operating income of $175 million. Should it exceed its guidance, MBLY stock could trade back to the $30 level.
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