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.
The Nasdaq Composite index has dropped nearly 26% over the past 12 months, and many individual stocks have fallen far more. Much like a house, an investment portfolio for long-term investors requires a robust foundation, a durable structure, and a few decorations. Apple (NASDAQ: AAPL) can help serve as the bedrock for incoming investors for a few reasons.
Autodesk and Remitly should thrive regardless of whether the world is experiencing high or low inflation.