Intel Corporation (INTC)
| Previous Close | 20.91 |
| Open | 21.70 |
| Bid | 21.46 x 100 |
| Ask | 21.51 x 1100 |
| Day's Range | 21.24 - 22.58 |
| 52 Week Range | 18.51 - 51.28 |
| Volume | |
| Avg. Volume | 69,930,764 |
| Market Cap | 91.806B |
| Beta (5Y Monthly) | 1.02 |
| PE Ratio (TTM) | 89.46 |
| EPS (TTM) | 0.24 |
| Earnings Date | Oct 24, 2024 - Oct 28, 2024 |
| Forward Dividend & Yield | 0.50 (2.39%) |
| Ex-Dividend Date | Aug 07, 2024 |
| 1y Target Est | 22.96 |
- Yahoo Finance Video
Intel's partnerships are boosting investor confidence: Analyst
Intel (INTC) shares climb into Tuesday's session after announcing plans to expand its AI chipmaking partnership with Amazon Web Services (AMZN). Furthermore, Intel announced plans to spin off its Intel Foundry business into an independent subsidiary. To talk more about these headlines from the semiconductor company, the Morning Brief team welcomes Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead. "The biggest and most important, Intel news here was was longer term. If you can get the number one cloud provider to do not just one, but two very custom type of chips for you — one in the foundry and then one a custom server chip — this portends to a very good future," Moorhead states. "And you add AWS to a Microsoft (MSFT), who committed to Intel's leading edge 18A process, this is a very positive view. While the foundry spin in the ink isn't fully dry on that, it's not official. This is something that a lot of the customers who are sitting, waiting, and looking to make a decision on Intel could be waiting for." Moorhead goes on to say that Intel's partnerships have "reduced risk" and can even "increased confidence for investors" in the long term. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Intel's Pat Gelsinger is 'right person' for the job: Analyst
Creative Strategies CEO and principal analyst Ben Bajarin joins Asking for a Trend to discuss Intel (INTC) CEO Pat Gelsinger's leadership and some catalysts for the company ahead. While many investors have their doubts about CEO Pat Gelsinger, Bajarin says, "I've never doubted Pat's ability to lead this company." He continues, "I think holistically, the timeline and the cost to do so was extremely hard, right? They went through an extremely ambitious undertaking to regain process leadership. And we'll see if it sounds like they'll do that and we'll see if they do this for product leadership as well." Bajarin explains that producing five new chip production nodes in five years is very difficult and "monumentally expensive." Meanwhile, he notes that the entire industry is facing technological hardships. "I think having somebody like Pat Gelsinger, who is at his heart a technologist and very good and has a history of solving those technology problems with Intel, is the right person to get over what our technological hurdles going forward as well as some economical ones," he adds. Moving forward, Bajarin sees several catalysts for Intel that investors should keep on their radar. First, he points to the launch of its Lunar Lake-powered laptops as a way the company can regain some product leadership. These laptops will have better performance per watt and battery life while maintaining a thin design. He also highlights that Intel is committed to prioritizing more wafers for Lunar Lake than they originally intended. In addition, he believes that investors should watch Intel's process leadership. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
- Yahoo Finance Video
Intel CEO Gelsinger's 'heart is in the right place': Analyst
Intel (INTC) continues to fall behind its competitors in the chip sector with its stock down nearly 60% year-to-date in 2024. Stifel Applied Technology Analyst Ruben Roy gives his thoughts on Intel's future, its place in the AI race, and CEO Patrick Gelsinger's leadership at the helm. "I think that Pat overestimated the time with which it would take him to kind of complete a large overhaul," Roy tells Yahoo Finance, adding: "There's a lot of moving parts with the manufacturing business. We've seen pushouts in the timing at which Intel is going to potentially put some of this manufacturing capacity to work. I think there's still a lot of questions, like I mentioned, around the company's strategy on AI itself and how it's going to address this market that seems to be moving away from them." KeyBanc Capital Markets equity research analyst John Vinh told Yahoo Finance in an interview in August that "time is running out" for Gelsinger as investors increasingly question his ability to drive growth. Watch the video above to hear Roy's take on the latest action from the chips sector. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Daniel A. Nelson
