INTC Sep 2024 35.000 put
| Previous Close | 13.60 |
| Open | 13.15 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 35.00 |
| Expire Date | 2024-09-20 |
| Day's Range | 13.15 - 13.60 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- 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
ZacksIntel and Amazon Expand Partnership: Time to Buy These Iconic Tech Stocks?
As markets rise in anticipation of the Fed cutting rates tomorrow, Intel (INTC) and Amazon (AMZN) have helped lead the broader rally among tech stocks after announcing plans to expand their partnership.
