Intel (NASDAQ:INTC) has been a market laggard for years, but investors are starting to see the value in this chip giant. 

Recently reported earnings show a stabilization in PC sales, and, with 14 nm chips on the way, there are multiple growth opportunities. Smartphones and tablets have been missed opportunities, but headway may be made later this year, and wearable devices are just starting to be part of our everyday lives. New chips will help Intel gain traction in these markets. 

On top of growth opportunities, Motley Fool specialist Travis Hoium thinks Intel's stock presents a great value at 14 times earnings with $10 billion in cash on the balance sheet. Find out more in the video below.