KEY POINTS Next-gen AI PCs for all: New portfolio of ASUS Zenbook and Vivobook laptops offer the ultimate in portability, lightness, design, and AI performanceAI-powered work evolution: ASUS ExpertBook P series transforms work with advanced AI, boosting productivity and efficiency for small businessesCompact AI powerhouse: ASUS NUC 14 Pro AI delivers high performance in a small, reliable package, perfect for demanding commercial use TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- ASUS showcased its latest tech ...

New Swift 14 AI and Swift 16 AI deliver a compelling combination of performance, battery life and features for next-generation AI functionalityEditor's Summary:Acer's latest Swift Copilot+ PCs powered by the Intel® Core™ Ultra processor (Series 2) feature new advanced capabilities for incredible AI-heightened performance with an integrated NPU that contributes up to 48 TOPS AI performance and up to 29 hours of video playback[1] on the Swift 14 AIThe Swift 14 AI and Swift 16 AI laptops have been meticulously ...

Talk of "exploring strategic options" drove a relief rally in the chipmaker's stock, but nothing has changed about its business.Intel (INTC -8.80%) shares popped by 9.5% on Friday after Bloomberg reported that the chipmaker was considering strategic options after the stock's collapse on a second-quarter earnings report that fell short of expectations.Its shares plunged by 26% on Aug. 2 after the company posted disappointing results, gave an underwhelming forecast, eliminated its dividend, and announced a re ...

A view of the logo of Qualcomm at the Mobile World Congress 2024.Qualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers' desire to put artificial intelligence on their devices.The move ramps up Qualcomm's efforts to challenge the dominance of Intel in the PC processor market at a time when the latter is facing mounting challenges.Qualcomm took the wraps off the Snapdragon X Plus 8-core at the IFA conference in Berlin, Germany. The processor, designed for PCs runnin ...

IBM is putting Intel's Gaudi 3 AI chips in its cloud data centers.Chip giant Intel (INTC -8.80%) has lagged behind market leader Nvidia and rival Advanced Micro Devices in the AI accelerator market. As Nvidia churns out more than $26 billion of data center revenue each quarter and AMD remains on track to sell $4.5 billion worth of AI accelerators this year, Intel finds itself in a distant third place.Intel's new Gaudi 3 AI accelerator, which launched this year, is powerful and cost effective. However, winni ...

Intel showed it's still a broken company.Shares of Intel (INTC -8.80%) took a dive last month primarily due to a disastrous second-quarter earnings report that included subpar results, disappointing guidance, the elimination of its dividend, and a restructuring plan that includes laying off at least 15% of its workforce.The news undermined any hope that Intel was making progress on what was already supposed to be a turnaround. Later in the month, the company lost a key director, who dismissed the company's ...

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, ...

The stock market is under pressure Tuesday -- and Intel and other chip stocks are getting hit particularly hard.Intel (INTC -8.37%) stock is plummeting in Tuesday's trading. The company's share price was down 8.3% as of 2:45 p.m., according to data from S&P Global Market Intelligence.Intel stock is losing ground today due to macroeconomic and geopolitical risk factors. Investors are worried that manufacturing weakness and a report on U.S. jobs numbers later this week could rattle the market, and concerns th ...

Group 1 - Intel shares fell over 8% in intraday trading amid concerns about losing its status in the Dow Jones Industrial Average (DJIA) [1] - The stock has declined nearly 60% since the beginning of 2024, making it the worst-performing component of the DJIA [1] - Disappointing second-quarter earnings results last month led to Intel shares reaching their lowest level since 2013 [1] Group 2 - Intel is the lowest-weighted component of the DJIA, accounting for just 0.3% of the index as of last week [2] - The last change in DJIA membership occurred in February when Walgreens Boots Alliance was replaced by Amazon [2] - A spokesperson for S&P Dow Jones Indices did not provide comments regarding Intel's status [2]

Investment Conclusion - Intel Corporation (NASDAQ: INTC) reported disappointing revenues and earnings for 2Q24, with revenues remaining flat compared to 2Q23 and a loss exceeding $1 billion [2] - Speculation exists regarding potential divestment of its foundry business or downsizing of expansion plans, but the company has a long-term roadmap and is implementing strategies for recovery [2][3] - By the end of 2024, Intel plans to shrink its chip manufacturing process to 1.8nm, reclaiming process leadership from TSMC [2] - Upcoming products include the Lunar Lake AI CPU with 45 TOPS of neural net processing and the Panther Lake AI CPU with 50 TOPS, positioning Intel competitively against Qualcomm and AMD [2] - Intel's Xeon 6 series server CPUs will surpass AMD's offerings in core count, with the Clearwater Forest E-core expected to have 288 cores [2] - The Gaudi 3 AI accelerator is set to outperform Nvidia's H-100 GPU in price/performance metrics [2] - A restructuring of leadership has occurred, with Patrick Gelsinger as CEO, and the Semiconductor Co-Investment Program (SCIP) has been instituted to enhance financial flexibility [2][3] Financial Performance - FY23 revenues fell 14% to $54.2 billion, with significant declines across all segments, but recent quarters show signs of recovery [8][7] - 4Q23 saw a 10% revenue increase year-over-year, with improvements in gross and operating margins [8] - Projections indicate that Intel's revenues and earnings growth may rebound in 2025-2026, supported by upcoming product launches and market dynamics [3][7] Market Position and Strategy - Intel's foundry business is being restructured to treat external and internal customers equally, aiming to regain market share lost to TSMC and Samsung [5][6] - The company is focusing on AI integration across its technology stack, with expectations of significant growth in AI PC sales and data center AI processors [5][8] - Intel's strategy includes a disaggregated approach to chip offerings, allowing customers to mix and match components, contrasting with Nvidia's monolithic model [6] - The semiconductor industry is projected to grow significantly, with Intel targeting $15 billion in foundry revenues by 2030 [9][8] Long-Term Outlook - Intel aims for $100 billion in revenues by 2030, with a focus on improving gross and operating margins [9] - The company anticipates strong growth in AI PCs, data center AI processors, and networking semiconductors, driven by increasing demand for AI capabilities [8][9] - Management's restructuring efforts and cost-cutting measures are expected to enhance operational efficiency and profitability [9][7]