Finding attractive stocks in the financial markets is crucial for savvy investors hoping to capitalize on growth opportunities. Among the myriad options available, seven stocks stand out as undervalued gems that investors can buy and hold indefinitely. These companies are leading the pack in cutting-edge technologies such as processors, social media, artificial intelligence, cybersecurity, and more.
Advanced Micro Devices (AMD)
Advanced Micro Devices (NASDAQ: AMD) is a key player in designing and manufacturing computer processors and related technologies. The company reported a remarkable growth in sales, with its client business raking in an impressive $1.4 billion. The demand for AMD’s Ryzen desktop and mobile CPUs has been soaring, particularly with partners like HP embracing these processors in business PCs.
AMD’s strategic focus on AI accelerators and improved security features has propelled its Ryzen Pro portfolio to great heights. This popularity among commercial PC manufacturers positions AMD strongly to capture a significant market share in the enterprise PC segment. Despite challenges in certain areas, advancements in edge AI present lucrative opportunities for AMD.
All in all, AMD’s Ryzen processors’ widespread acceptance in both consumer and commercial markets make it a top contender among undervalued stocks worth including in one’s long-term investment portfolio.
Meta Platforms (META)
Meta Platforms (NASDAQ: META) operates the world’s largest social media network, comprising Facebook, Instagram, and WhatsApp. With total sales amounting to $36.5 billion in Q1 2024, Meta experienced a significant 27% year-over-year revenue increase. The Family of Apps category, a major contributor to ad revenue, was the primary driver behind this growth.
Meta’s substantial investments in AI, particularly through the Llama 3 model, have propelled its AI-driven advancements, enhancing user experiences across its platforms. These developments not only improve user engagement but also pave the way for future revenue generation through targeted advertising.
Meta’s commitment to enhancing user engagement and diversifying revenue streams through AI and virtual reality technologies makes it a compelling choice for investors seeking undervalued stocks with long-term growth potential.
Intel (INTC)
Intel (NASDAQ: INTC) stands out as a leader in semiconductor manufacturing and microprocessor production for various computing devices. The company saw over $2.1 billion added to its operational profit year over year, pushing its operating margin above 28% in Q1 2024.
Intel’s focus on innovation is evident through the commencement of Intel 20A manufacturing and the launch of Intel 14A utilizing high NA EUV technology. Product launches like the Intel Gaudi 3 AI accelerator further cement Intel’s position in the AI and data center sectors. Despite challenges, Intel remains steadfast in its pursuit of technological advancements and cost efficiencies.
Intel’s strides in processor technologies and strategic investments in foundry capabilities position it as a standout choice among undervalued stocks that investors can confidently hold for the long term.
Block (SQ)
Block (NYSE: SQ), formerly known as Square, Inc., has established itself as a disruptive force in financial technology. The company’s innovative solutions have garnered a loyal customer base, driving substantial growth and revenue. With a strategic focus on enhancing user experiences and expanding its product offerings, Block is well-positioned for sustained success in the ever-evolving digital economy.
Investors eyeing undervalued stocks with significant growth potential should consider Block as a promising addition to their long-term investment portfolio.