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Intel Sank Again Today -- Does Artificial Intelligence (AI) Make the Beaten-Down Stock a Buy?
The Motley Fool· 2024-08-22 21:09
Down 60% year to date, does Intel have what it takes to capitalize on AI opportunities and deliver big wins for investors?Intel (INTC -6.12%) stock suffered another day of sell-offs Thursday. The chip company's share price ended the daily session down 6.1%, according to data from S&P Global Market Intelligence.Intel lost ground again as investors weighed the possibility that the company will not proceed with the construction of two semiconductor fabrication plants in Germany. Nothing has been officially ann ...
Stocks Limp To Worst Day Since Aug. 5 Crash Ahead Of Powell's Jackson Hole Speech
Forbes· 2024-08-22 20:24
ToplineWall Street got cold feet Thursday ahead of a key speech from Federal Reserve Chairman Jerome Powell, with major indexes registering their worst days in weeks. Slow your roll: The S&P 500 came within 0.5% of its all-time high Thursday morning before turning ... [+] negative.Getty Images Key FactsThe blue chip Dow Jones Industrial Average fell 0.4%, or 164 points, the benchmark S&P 500 declined 0.9% and the tech-heavy Nasdaq Composite lost 1.7%. It’s the S&P and Nasdaq’s steepest daily losses since A ...
Why Intel Stock Is Sinking Again Today
The Motley Fool· 2024-08-22 17:01
Is Intel getting ready to announce bad news about its European chip fab strategy?Intel (INTC -3.39%) stock is retreating again in Thursday's trading. The semiconductor company's share price was down 3.9% as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence.Concerns are mounting about the future of Intel's new chip fabrication plant in Germany. DigiTimes and Fortune magazine published separate reports today indicating that the construction of the manufacturing facility may be in doubt. ...
Nvidia Vs. Intel: The Growth Story Versus The Turnaround Stock
Seeking Alpha· 2024-08-20 18:59
Robert Way Investment Thesis In our initial coverage of Nvidia Corporation (NASDAQ:NVDA) vs. Intel (INTC) in 2020, we observed that the two companies, which historically operated in distinct markets, were becoming competitors. Several years later, this has become reality, with Nvidia quickly overtaking Intel as the most profitable data center chip vendor due to the rise of AI. Meanwhile, Intel struggles financially, on an expensive turnaround path after a decade of mismanagement. But this is also how th ...
Intel Has Fallen Way Behind AMD in 1 Key Area
The Motley Fool· 2024-08-20 09:25
Intel's CPUs use way more power than AMD's latest chips.Intel (INTC 3.12%) stumbled through manufacturing issues in the past, and only now is it starting to right the ship. The company's entire desktop CPU lineup is still made on its Intel 7 manufacturing process, which is based on the same 10nm node that was originally slated for high-volume production in 2016. Meanwhile, rival AMD (AMD 4.52%) has taken advantage of TSMC's manufacturing progress with each new release.A massive efficiency edge for AMDDespit ...
Intel: A Potential Value Trap (Rating Downgrade)
Seeking Alpha· 2024-08-19 13:05
hapabapa Investment Thesis Intel (NASDAQ:NASDAQ:INTC) delivered very disappointing 2Q FY2024 results, with nearly all financial metrics falling short of market estimates. Despite its goal of catching up with other semi players amid the current AI boom, INTC seems to be moving in the opposite direction. The company not only missed revenue and EPS consensus but also issued a weak outlook for 3Q and beyond. Additionally, the management announced a 15% reduction in workforce, cuts to infrastructure investme ...
Forget Intel: 2 Better Artificial Intelligence (AI) Stocks to Buy After a Sell-Off
The Motley Fool· 2024-08-19 08:30
These companies' stocks are trading at far better values than Intel, especially after a sell-off.Intel (INTC 0.87%) was one of the biggest victims of a recent tech sell-off, with its share price down 42% over the last month. Fears of a recession caused doubt among tech investors, triggering a dip for dozens of companies' stocks. Market uncertainty combined with weaker-than-expected quarterly earnings from Intel triggered a significant decline in its shares.Usually, such a dramatic sell-off would produce a b ...
What Intel Stock Investors Should Know About Recent Updates After Devastating Earnings
The Motley Fool· 2024-08-17 07:21
Can Intel turn things around?In today's video, I discuss recent updates impacting Intel (INTC 0.87%). 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 August 15, 2024. The video was published on August 15, 2024. ...
Intel (INTC) and Karma Automotive to Develop SDVA Solution
ZACKS· 2024-08-16 18:10
Core Insights - Intel Corporation has announced a collaboration with Karma Automotive to develop a Software Defined Vehicle Architecture (SDVA) aimed at transforming the automotive industry by creating intelligent, efficient, and sustainable vehicles [1][3] - The SDVA will integrate various vehicle functions into Intel's centralized and zonal compute systems, offering flexibility, cost reduction, enhanced performance, and improved energy efficiency [1][2] - Karma Automotive plans to utilize SDVA in its upcoming Karma Kaveya super coupe, which is expected to deliver up to 1,000 horsepower and accelerate from 0-60 mph in under three seconds, with a starting price of around $300,000 [2] Company Developments - The partnership between Intel and Karma Automotive signifies a shift towards innovative vehicle technology, combining Intel's computing expertise with Karma's industry knowledge [3] - The Karma Kaveya will be the first vehicle developed from the ground up with true SDVA, setting new benchmarks in performance, efficiency, and luxury [2] Market Performance - Intel's shares have decreased by 36.5% over the past year, contrasting with the automotive industry's growth of 128.4% [3]
AI predicts Qualcomm stock price for end of 2024
Finbold· 2024-08-16 11:18
As Intel (NASDAQ: INTC) has suffered a string of troubles in recent weeks due to defects in its products and corporate operational issues, competitors like Qualcomm (NASDAQ: QCOM) are eyeing bigger PC processor market share and artificial intelligence (AI) models are bullish on their stock prices.Indeed, Qualcomm might end up being one of the benefactors of Intel’s recent misfortunes, the current conditions representing an ideal opportunity for the company to make inroads into the AI PC market, particularly ...