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Intel Is Just Getting Started
Seeking Alpha· 2024-09-17 15:37
Retirement is complicated, and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes exte ...
Intel Drops A Foundry Bombshell: It's Time To Buy
Seeking Alpha· 2024-09-17 15:21
Intel (NASDAQ: INTC ) finally delivered some good news to investors after the close Monday, as it announced that it had secured a long-term partnership with Amazon to manufacture chips on its 18A and Intel 3 processors and thatTo follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning with my inaugural published piece dur ...
Intel awarded up to another $3B under CHIPS Act, shares rise
Proactiveinvestors NA· 2024-09-17 14:55
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
Business Insider· 2024-09-17 14:46
Intel's Historical Context and Current Challenges - Intel, under Andrew Grove's leadership in the late 20th century, became a dominant force in the PC market, rivaling Microsoft during the 1990s [1] - The company's success was driven by Grove's willingness to adapt to fierce competition from Japan [1] - Intel's current CEO, Pat Gelsinger, is implementing new initiatives to address the company's decline, as it struggles with production and strategic challenges [2] - Intel's market value has dropped from over $210 billion at the start of 2023 to less than $90 billion, while rivals like Nvidia and TSMC have seen significant growth [2] - Intel has struggled to capitalize on the generative AI boom, with its Gaudi 3 AI chip expected to generate only $500 million in sales this year [2] - The company announced layoffs of 15,000 employees, suspended its dividend, and cut capital spending, leading to a 25% drop in share price [3] Intel's Transformation and Strategic Moves - Intel is expanding its collaboration with Amazon Web Services through a multi-year, multibillion-dollar framework to work on custom chip designs [5] - Intel Foundry will produce chips using the new Intel 18A process, set to roll out in 2025 [5] - Intel Foundry is being established as a separate subsidiary with its own operating board and independent directors, aiming to optimize capital structure and growth [6] - The company is pausing new plant projects in Poland and Germany for two years to improve capital efficiency, while maintaining commitments to US manufacturing locations [6] - Investors responded positively to the announcements, with Intel's share price rising over 6% in pre-market trading [7] Analyst Perspectives on Intel's Turnaround - Analysts view the Amazon collaboration as a strategic win for Intel, providing publicity, revenue, and validation for its foundry business [5] - Bernstein's research note suggests that Intel's moves indicate it is not as desperate for cash as feared, though the announcements do not significantly change the current situation [7] - Challenges remain for Intel, particularly in workforce reduction and competition in the AI market, as the company missed an opportunity to invest in OpenAI seven years ago [7] Industry Context and Competitive Landscape - Nvidia has added around $1.6 trillion to its value since January 2023, while TSMC has risen almost 60% this year, highlighting Intel's struggles in comparison [2] - Intel's inability to capitalize on the generative AI boom contrasts with the success of rivals like Nvidia and AMD [2][7]
Intel: Why It's Time to Reconsider This Beaten-Down Chipmaker
MarketBeat· 2024-09-17 14:01
There aren’t too many stocks in the technology sector that offer the type of discount that shares of Intel Co. NASDAQ: INTC offer. The stock has been under a lot of scrutiny for falling behind the artificial intelligence race and sticking to what had been safe for its business: the personal computer (PC). During the past three years, the PC market has slowed down as most people stocked up on their needs during COVID-19 lockdowns.Intel TodayINTCIntel$21.34 +0.43 (+2.06%) 52-Week Range$18.51▼$51.28Dividend Yi ...
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
TechXplore· 2024-09-17 12:59
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Credit: AP Photo/Seth Wenig, File Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it a ...
Massive insider trading hits Intel amid $3.5 billion government contract
Finbold· 2024-09-17 12:20
Intel (NASDAQ: INTC) has witnessed a surge in insider stock purchases coinciding with the announcement of a $3.5 billion United States government contract award.The number of shares purchased by insiders skyrocketed to approximately 12,500 in Q3 2024, reflecting a 43% year-over-year growth. In comparison, only 7,009 shares were bought in the same period in 2023, according to data retrieved from the stock market tracking platform Quiver Quantitative on September 17.The spike in insider trading is noteworthy, ...
Intel CEO Shocked Investors With a Huge List of Bullish News
The Motley Fool· 2024-09-17 11:34
Intel announced numerous updates and customer wins for its foundry business.In today's video, I discuss recent updates impacting Intel (INTC 6.36%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Sept. 16, 2024. The video was published on Sept. 16, 2024. ...
Intel (INTC) Surges 6.4%: Is This an Indication of Further Gains?
ZACKS· 2024-09-17 11:06
Intel (INTC) shares ended the last trading session 6.4% higher at $20.91. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.8% loss over the past four weeks.Intel recently secured direct funding of up to $3 billion from the U.S. government for several defense programs. The company also inked a multi-year, multi-billion dollar deal with Amazon Web Services. Per the agreement, Intel will develop AI chips leveraging i ...
Intel delays Germany, Poland chip factories for two years
TechXplore· 2024-09-17 08:30
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Intel has delayed two mega chip-making factories in Germany and Poland. Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. The announcement will come as a major blow to the German and Polish governmen ...