Should You Be Bullish on Intel Corporation (INTC)?

American Century Investments, an investment management company, released its second-quarter 2026 investor letter for the "American Century Investments Focused Dynamic Growth Fund". The letter can be downloaded here . U.S. stocks advanced sharply with double-digit quarterly gains largely due to robust earnings, resilient economic data, and momentum in AI-related stocks. However, there was a slight pullback in June as momentum waned and investors anticipated potential interest rate hikes by the Federal Reserve. Growth and AI stocks outperformed value stocks, while large-cap companies generally surpassed small- and mid-cap stocks. Underperformance was noted in healthcare and communication services, while industrials, particularly in aerospace and defense, contributed positively to performance. The fund's investor class returned 16.38%, slightly below the Russell 1000 Growth Index's 16.74%. The investment approach focuses on bottom-up financial analysis to identify large-cap companies with long-term earnings growth potential, while aiming to mitigate non-financial risks. Please review the Fund's top five holdings to gain insights into its key selections for 2026.

In its second-quarter 2026 investor letter, American Century Investments Focused Dynamic Growth Fund highlighted Intel Corporation (NASDAQ: INTC ). Intel Corporation (NASDAQ:INTC) is a leading semiconductor company that manufactures, and markets microprocessors, chipsets and other products. On September 09, 2026, Intel Corporation (NASDAQ:INTC) closed at $106.24 per share, reflecting a market capitalization of $561.6 billion. Intel Corporation (NASDAQ:INTC) posted a one‑month return of 1.61%, while its shares gained 331.69% over the past 52 weeks.

American Century Investments Focused Dynamic Growth Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q2 2026 investor letter:

"Intel Corporation (NASDAQ:INTC). Intel is a semiconductor chip designer and manufacturer we've followed for decades. Its chip fabrication business is viewed as a strategic asset that the U.S. government and fabless chip designers have been willing to support. We are also optimistic about the ability of the company's new, seasoned CEO to execute a historic turnaround."

Intel Corporation (NASDAQ:INTC) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . According to our database, 138 hedge fund portfolios held Intel Corporation (NASDAQ:INTC) at the end of the second quarter, compared to 112 in the previous quarter. While we acknowledge the potential of Intel Corporation (NASDAQ:INTC) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .