Analyst Says Intel Is Overvalued, Backs NVIDIA, AMD, Micron, Broadcom
D.A. Davidson's Gil Luria calls Intel's valuation a contradiction and names four chip stocks worth owning instead.
If you're still holding Intel, a top tech analyst just told you to reconsider. Gil Luria, D.A. Davidson's head of technology research, stepped onto CNBC's "Closing Bell Overtime" with a blunt message: Intel's valuation simply doesn't add up, and smarter chip money is sitting elsewhere.
Luria's argument starts with the broader semiconductor surge. Major chip ETFs are up more than 80% this year. Memory names have done even better — some rocketing 300% or more. Yet amid all that momentum, Intel's multiple sticks out as disconnected from its actual business fundamentals. That kind of valuation contradiction is exactly the setup that burns retail traders who chase the familiar name instead of the better trade.
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So where does Luria say the real opportunity lives? He pointed directly at NVIDIA, AMD, Micron, and Broadcom as the alternatives worth your attention. These aren't speculative picks — they're the companies actually capturing AI-driven chip demand, and the market has been rewarding them accordingly. Intel, by contrast, is still fighting to regain competitive footing it lost over several product cycles.
The takeaway here is simple: brand recognition isn't a moat. Intel carries name-brand weight, but name brands don't pay your bills — earnings growth does. When a seasoned sector analyst flags a valuation that "doesn't make sense," that's not noise. That's a signal. Rotating into names with cleaner growth stories and more defensible positions in the AI supply chain is the play Luria is laying out loud and clear.
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