INTC Jan 2025 35.000 put
| Previous Close | 3.8500 |
| Open | 4.0500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 35.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 3.8500 - 4.1500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- Yahoo Finance Video
Intel's chip sector strength is undiminished: Strategist
Shares of Intel (INTC) are lower in after-hours trading on Thursday after the company posted its first-quarter earnings, revealing a revenue of $12.72 billion, a gain of 8.8% year-over-year. Revenue narrowly beat estimates of $12.71 billion, however, the company missed out on estimates for its second-quarter forecast, placing revenue between $12.5 billion to $13.5 billion against an expected $13.63 billion. While Intel may be down, some still believe the chipmaker is certainly not out. The Futurum Group Chief Market Strategist Cory Johnson joins Market Domination Overtime to discuss Intel's earnings and how the company may still be able to turn it around. Johnson elaborates on why Intel is in such a strong position: "They have received more money from the CHIPS Act than anyone else out there, so they are in a really strong position building out their facilities all over the country, particularly in Columbus, Ohio... They are clearly pushing ahead really fast... that is good for the foundry business... The foundry business ultimately is going to be very difficult to do, but they're pushing ahead at really having cutting-edge foundry services and as you mentioned, in the angstrom levels at the real cutting-edge, which we haven't had in this country for many, many years." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
Yahoo FinanceBiden has a favorite stop when he hits the road: Chipmaking plants
Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
BloombergIntel Slides After Tepid Forecast Shows Comeback Challenges
(Bloomberg) -- Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityPlunging Home Prices, Fleeing
