Core Viewpoint - Mobileye Global Inc. has experienced a significant decline in its investment thesis over the past year, with the stock price dropping substantially and Intel rumored to be considering selling its large stake in the company [1][2]. Group 1: Recent Developments - In September, Mobileye canceled its internal Lidar development and is reportedly facing Intel's potential sale of its 88% stake, which poses a significant overhang on the stock [2]. - The company plans to cut 100 employees by year-end and has forecasted Lidar R&D costs for 2024 at $60 million, which includes $5 million in stock-based compensation [2]. - Mobileye's R&D expenses were $256 million in Q2 '24 and $499 million in the first half of the year, indicating that the planned cuts represent only 6% of the total spending [2]. Group 2: Financial Performance - Mobileye reported a 3% year-over-year decline in Q2 revenues and has reduced its 2024 revenue guidance to $1.64 billion from a previous estimate of $1.895 billion, attributing the challenges to macroeconomic conditions in China [4]. - The company has lowered its EyeQ sales estimates by 3.5 million units for the second half of the year, and it is currently near cash flow breakeven [4]. - Despite the setbacks, analysts project a sales increase to $2.2 billion in 2025, with 2023 sales reaching nearly $2.1 billion [4]. Group 3: Market Position and Valuation - Mobileye's stock is currently trading at around 5x forward sales targets of $2 billion, down from previous multiples exceeding 12x forward EV/S [5]. - The company has a valuation of $10 billion, which suggests a disconnect in the market, especially considering the potential acquisition of a Lidar technology leader like Innoviz Technologies, valued at $100 million [2]. - The major concern remains Intel's potential sale of shares, which could significantly impact the stock given that Intel controls a large portion of the outstanding shares [5][6]. Group 4: Future Outlook - The investment stance on Mobileye is currently Neutral, with the company needing to demonstrate a turnaround in its business before being considered a Buy [6]. - Despite the challenges, Mobileye still has a promising future in advanced driver-assistance systems (ADAS) and autonomous vehicles (AVs) [6].

The Intel 20A process is effectively dead.Under CEO Pat Gelsinger, Intel (INTC 0.95%) laid out a plan back in 2021 to develop five new semiconductor process nodes within four years. The final node, Intel 18A, was meant to catch the company up with TSMC in terms of process technology.The Intel 18A process remains on track to be ready by the end of the year, with high-volume production slated for 2025. Multiple future first-party products, including Panther Lake PC CPUs and Clearwater Forest server CPUs, will ...

Investment Thesis - Intel has been struggling in the competitive chip market for over a decade, with intensified challenges in the last five years [2] - The appointment of Pat Gelsinger as CEO in 2021 aimed to reposition Intel for product and process leadership, but recent earnings reports indicate the company is falling behind its 2026 goals [2][5] - Investors have reacted negatively, leading to one of the worst annual stock performances for Intel since 1975 [4] Financial Performance - Intel projected mid-high single-digit revenue growth by 2023 and aimed for over $110 billion in revenue by 2026, with gross margins expected to reach ~52% by 2024 and 56% by 2026 [5] - However, revenue growth has declined, and margins have contracted, resulting in a financial burden from foundry investments exceeding $30 billion [5][6] - Management has suspended dividends, cut the workforce by 15%, and aims to save ~$10 billion in costs [6] Revenue and Cost Management - Intel is projecting total revenues of $13 billion for Q3, with analyst estimates around $13.7 billion, indicating a revenue contraction of ~3% to $52-53 billion [6] - The $10 billion in cost savings is expected to improve the company's margin profile, which is currently at its worst in a decade [6][9] - Management is actively reviewing its business portfolio and considering divesting parts of its foundry business to unlock value [6][10] Market Valuation - Intel is currently priced at 0.7x its book value, suggesting that the market has priced in significant bearish sentiment [7] - The company has approximately $206 billion in assets, including ~$29.3 billion in cash and equivalents, which could help reduce its ~$53 billion debt load [9] - Despite challenges, Intel remains strategically important for the U.S., and current market mispricing may overlook this aspect [9] Management Actions - Intel's management is focused on restoring investor confidence and has acknowledged the need for operational efficiency [6][11] - The company is exploring options to separate its capital-intensive foundry business from its design business to enhance shareholder value [6][10] - Management's proactive measures and cost reduction strategies are expected to lead to a reversal in stock price over the coming weeks [11]

wellesenterprises Investment thesis Disappointing profitability results that were below both Intel (NASDAQ:INTC, NEOE:INTC:CA) management's and analysts' expectations, the announcement of a workforce reduction of more than 15% by the end of 2025, the suspension of dividend payments at the beginning of the fourth quarter of 2024, and lower-than-market guidance combined to cause Intel's stock price to drop more than 18% in after-hours trading following the release of the company's earnings report for the ...

Intel Corporation (INTC) recently inked a partnership with TrueBusiness, a provider of communications and digital solutions in Thailand, to introduce smart healthcare solutions in the South East nation. This includes the transformation of various aspects of the medical field, including treatment, diagnosis, rehabilitation and patient data management.INTC Enhances Healthcare Facilities With AI CapabilitiesPer the collaboration, TrueBusiness will integrate its 5G capabilities with Intel's advanced AI technolo ...

Intel is in a cash crunch and could sell pieces of its business to raise capital.Fool.com contributor Parkev Tatevosian evaluates what the news could mean for Intel (INTC 1.13%) and Qualcomm (QCOM 2.19%) stock investors. *Stock prices used were the afternoon prices of Sept. 5, 2024. The video was published on Sept. 7, 2024. ...

Intel TodayINTCIntel$18.89 -0.51 (-2.63%) 52-Week Range$18.64▼$51.28Dividend Yield2.65%P/E Ratio19.68Price Target$32.04Add to WatchlistIntel NASDAQ: INTC has had a terrible 2024, to say the least. The company’s shares are down 61% year-to-date, driven largely by a massive earnings miss in August. Criticism has been laid on the company’s CEO, Patrick Gelsinger, who has failed to maintain Intel’s dominant position in the semiconductor space. Meanwhile, other chip designers like NVIDIA NASDAQ: NVDA have succee ...

The chipmaker needs to resort to drastic measures to stabilize its earnings growth.Intel (INTC -2.63%), the world's largest producer of x86 CPUs for PCs and servers, was once a bellwether of the semiconductor sector. But over the past 10 years, its stock has dropped more than 50% as it withered into a less valuable chipmaker than AMD, Nvidia, and Qualcomm.Intel's fall from grace was caused by manufacturing problems, product delays, market share losses, and jarring strategic shifts under three CEOs. It misse ...

Nvidia is the logical choice to replace a floundering Intel in the Dow 30.It's no secret that Intel (INTC -2.63%) has been struggling. The stock is down more than 60% year to date and has been the worst performer in the Dow Jones Industrial Average this year.The company was once the largest chipmaker in the world, dominating the personal computer (PC) space. That helped it become one of the first two technology companies to join the famed Dow Jones index, along with Microsoft back in the late 1990s. However ...

These stocks are down more than 15% in the past three months, but that doesn't mean you should buy the dip.Looking at analyst price targets, you might find some undervalued stocks. However, you'll often find a stock that looks like it has a lot of upside, but only because its price has fallen sharply and analysts haven't put through their updated price targets (i.e., downgrades) for it yet.Three stocks that look like they might be great buys today based on their consensus analyst price targets include PDD H ...