1 Mega-Cap Chip Stock to Avoid in September

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Chip stocks have been in focus this year amid great expectations for artificial intelligence (AI), with the VanEck Semiconductor ETF (SMH) boasting a 2023 gain of 43.5% – far outpacing a 24% return for the Nasdaq 100 Index ($IUXX). However, not all semiconductor giants are performing equally well. In fact, industry heavyweight Intel (INTC), valued at $159.89 billion, has trailed the broader markets by a wide margin in the last two decades. Since September 2003, Intel stock has returned just 123%, compared to the game-changing returns of 1,158% provided by the Nasdaq QQQ Invesco ETF (QQQ), whic…

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