Author: Benjamin Rains, Zacks

Arguably the most critical technology company on the planet, it’s dropped ~14% from its highs, and looks like a value play.

Now might be time for investors to consider buying the beaten-down name for long-term upside and near-term breakout potential.

It’s a well-oiled machine churning out free cash flow growth and building a stellar debt-free balance sheet.

Thriving today, it’s poised for long-term success even as the technologies mature beyond their rapid growth phase.

An industry titan, it’s rapidly expanding its AI efforts and preparing for a quickly changing technological landscape, while trading at its lowest forward earnings multiple since the 2008 financial crisis.