"Intel Stock: Riding the Semiconductor Rebound to 2025 Success"
Ariel Global Fund's fourth-quarter 2023 investor letter highlighted Intel Corporation (INTC) as a new holding, noting the company's outperformance driven by the rebound in semiconductor demand, particularly in the personal computer and central processing unit sectors. The letter also emphasized Intel's progress in regaining its manufacturing technology advantage and its potential in the foundry business. Despite not being among the 30 most popular stocks among hedge funds, Intel was held by 86 hedge fund portfolios at the end of the fourth quarter.