Key TakeawaysIntel said that it has revised its current-quarter revenue guidance after some of its export licenses aimed at sending its chips to a Chinese company were revoked by the U.S. Department of Commerce.Intel didn't name the Chinese firm, but the Financial Times reported that the U.S. company, and also Qualcomm, were told to immediately stop sales to Chinese telecom giant Huawei.The revoked licenses mark the latest tit-for-tat with China and come after Huawei developed an advanced smartphone.Intel s ...

Editor's note: Seeking Alpha is proud to welcome Kevin Anthony D. Arroyo as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » hapabapa Investment Thesis Intel Corporation (NASDAQ:INTC) (NEOE:INTC:CA) is currently facing significant competitive pressure from all fronts of its business, prompting it to change its strategy ...

Mobileye (NASDAQ:MBLY) stock has shed nearly 30% year-to-date. However, Mobileye director and Intel (NASDAQ:INTC) CEO Pat Gelsinger believes that the Israeli autonomous driving company still has upside potential.On April 29, Gelsinger purchased 2,000 shares at an average per share price of $27.53. On May 1, he added another 1,611 shares at $28.16, bringing his total purchase amount to about $100,000. Following the transaction, the Intel CEO now owns 132,706 shares of Mobileye through a trust.This marks Gels ...

Intel just fell on earnings, but it could go even lower, according to one analyst.Intel (INTC -2.84%) stock tumbled after its latest earnings report as the chipmaker once again took a step back with its turnaround plan.While the company beat estimates on the top and bottom lines, revenue growth was modest at just 9% as the company faced easy comparisons with the quarter a year ago.Even worse, investors were disappointed by Intel's outlook as it expects flat revenue growth in the second quarter and a decline ...

Intel stock just flopped again. It's become a pattern.Intel (INTC -1.29%) shareholders are licking their wounds once again after the chip titan's latest earnings report.It's a familiar position for Intel investors. The company has repeatedly disappointed the market, making big promises about revamping its business only to come up short when it's time to open the books.This time around, Intel beat estimates in the first quarter with a modest increase in revenue, but its second-quarter forecast was worse than ...

Shares of the chip giant fell on disappointing guidance.Shares of Intel (INTC -9.38%) were taking a dive on Friday after the semiconductor giant offered a disappointing forecast for the second quarter, confirming fears that it's still missing out on the artificial intelligence (AI) boom.As a result, the stock was down 9.7% as of 1:47 p.m. ET.Intel beat estimates, but Q2 looks weakFor the first quarter, Intel reported a 9% increase in revenue to $12.7 billion, well ahead of estimates at $11.9 billion. Revenu ...

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 Corp (NASDAQ: INTC) is down well over 35% versus its year-to-date high but a Goldman Sachs analyst still doesn’t see it as a bargain. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Intel stock has limited upside from hereCopy link to sectionToshiya Hari reiterated his “sell” rating on the chipmaker this morning as “AI prioritisation continued to weigh on traditional server demand”.  He lowered his price objective on $INTC as well to $34 that no ...

Intel Corp (NASDAQ:INTC) stock is 11.6% lower to trade at $31.04 at last check. Though the semiconductor giant's first-quarter profits beat expectations, revenue missed the mark. In addition, the blue chip's current-quarter outlook came in well below analysts' estimates.No fewer than 18 analysts cut their price targets in response, with the lowest coming from Wolfe Research to $29 from $31. The brokerage bunch is skeptical of INTC, with 29 of 34 firms in question calling it a tepid "hold" or worse, but the ...

Intel Corporation (INTC) reported relatively healthy first-quarter 2024 results, largely due to strong operating leverage, expense discipline and significant traction from its IDM 2.0 (integrated device manufacturing) strategy.Net IncomeThe company reported a GAAP loss of $381 million or a loss of 9 cents per share compared with a loss of $2,758 million or a loss of 66 cents per share in the year-ago quarter. The significantly narrower loss was primarily attributable to higher revenues and income tax benefi ...