Intel appears to be on the verge of a long-awaited comeback.
Uber's valuation is near record lows as it maintains double-digit revenue growth.
Worries about Amazon's massive capex spending has taken its valuation to multi-year lows.
Investors have become spooked by the high costs of artificial intelligence (AI) and the uncertain effects on businesses and stocks. This has led to a sell-off in many tech stocks in recent weeks.
Nonetheless, the situation also calls for some perspective. Such concerns often don't last, and the selling can often create buying opportunities. Knowing these facts, such conditions could bode well for tech stocks, and under the circumstances, investors should probably take a closer look at these three names.
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The choice of Intel (NASDAQ: INTC) may come as a surprise. Under past leadership teams, companies like Nvidia and longtime rival AMD surpassed it technically, and past efforts at a comeback have failed.
However, the company seems to have turned around under CEO Lip-Bu Tan's leadership. The former Cadence Design CEO has orchestrated what looks like the beginnings of a turnaround as capital expenditure (capex) spending on AI reaches a fever pitch.
Intel's 18A manufacturing process boosts the efficiency and performance of chips. Moreover, Intel may emerge as a viable alternative to TSMC in some areas, as Nvidia has invested $5 billion so Intel can build PC and data center chips with Nvidia's NVLink technology.
Admittedly, these breakthroughs have not yet appeared in Intel's financials. Its $53 billion in revenue for 2025 did not rise from last year, and its less than $15 billion in capex spending in 2025 is down from $24 billion in 2025.
Still, Intel stock is up by more than 140% over the last year. Also, its price-to-sales (P/S) ratio of 4 is far below AMD's sales multiple of 10, making the stock all the more compelling as a long-awaited comeback begins to materialize.
Uber (NYSE: UBER) stock seems to have experienced a rough patch.
As the robotaxi emerged, Uber had hoped to be the facilitator of such trips, but some investors fear Tesla and Alphabet may choose to freeze out the rideshare giant. Also, the company reported that CFO Prashanth Mahendra-Rajah will soon step down, bringing uncertainty in the ranks of top management.
Nonetheless, Uber has partnered with Waymo and GM's Cruise, making it more likely it will play a role in facilitating autonomous rides. Additionally, Uber's established network means a competitor would have to invest heavily to compete.
Furthermore, the P/E ratio of less than 15 has taken Uber's stock valuation to near record lows. That appears almost nonsensically cheap given the 18% revenue growth rate in 2025. That included a 19% rise in mobility revenue and a 30% increase in revenue from delivery.
Admittedly, the net income growth of 3% in 2025 is misleading upon closer inspection. Operating income rose 99%, but fewer gains in its investments and a lower income tax benefit weighed on the bottom line.
That shows that Uber remains a prosperous company despite the uncertainties. Knowing that, investors should add shares before others begin to take notice.
Across its nearly 29-year trading history, one might struggle to find a time when Amazon (NASDAQ: AMZN) stock flirted with value stock territory. While it may be premature to label it as such, the stock looks like a surprisingly compelling bargain.
Thanks to a sell-off following its earnings report for the fourth quarter of 2025, it sells at a P/E ratio of 29. This is quite a turnabout for a stock that sold at more than 50 times earnings (and sometimes at a P/E ratio of over 100) in recent years.
Investors soured on the stock following its earnings report for the fourth quarter of 2025. It announced it would spend $200 billion on capex in 2026, primarily to compete in AI and the cloud. That comes after a $132 billion capex investment in 2025.
Although Amazon reported $127 billion in liquidity and generated over $11 billion in free cash flow in 2025, the costs may appear too heavy for the company to bear.
However, on its Q4 2025 earnings call, the company revealed that it had a $244 billion backlog for AWS and AI, which has risen 40% since last year. While the spending to address that is a concern, Amazon stock could be in for a massive comeback as it monetizes more of its fast-growing AI and cloud businesses.
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Will Healy has positions in Advanced Micro Devices and Uber Technologies. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Cadence Design Systems, Intel, Nvidia, Taiwan Semiconductor Manufacturing, Tesla, and Uber Technologies. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy.