DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Aramco Digital and Intel announced their intent to establish Saudi Arabia’s inaugural Open RAN (Radio Access Network) Development Center. The facility is expected to drive innovation, foster technological advancements and contribute to the digital transformation landscape in the Kingdom. The collaborative effort aims to accelerate the development and deployment of Open RAN technologies, helping to enable the Kingdom to build robust and agile telecommunication infrast ...

Key PointsMobileye issued disappointing revenue guidance, citing excess inventory and customer stockpiling.Microchip Technology cited auto manufacturing slowdowns as a factor in its revenue declines.Intel said the current situation of sluggish auto chip sales should normalize this year. 5 stocks we like better than General MotorsWhen autonomous driving tech specialist Mobileye Global Inc. NASDAQ: MBLY got smacked down on January 4 on a surprise cut in its revenue forecast, it was signaling trouble throughou ...

Taiwan Semiconductor Manufacturing (TSM 0.02%), the world's largest contract chipmaker, produces the world's smallest, densest, and most power-efficient chips. That makes it a bellwether of the semiconductor industry and a crucial partner for fabless chipmakers like Apple, Advanced Micro Devices, and Nvidia.However, TSMC wouldn't have sprinted ahead of Intel (INTC -1.09%) and Samsung in the "process race" to manufacture more advanced chips without the Dutch semiconductor equipment maker ASML (ASML -0.74%), ...

Intel (INTC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this world's largest chipmaker have returned +5.4%, compared to the Zacks S&P 500 composite's +3.5% change. During this period, the Zacks Semiconductor - General industry, which Intel falls in, has gained 14.2%. The key question now is: What could be the stock's future direction?While media rele ...

It’s been a tough ride for Intel (NASDAQ:INTC) stock over the past five years. But with the stock up 43% in the last six months, there now appears to be some light at the end of the tunnel. Despite a 61% year-on-year increase, the company’s share price is still 3% lower than five years ago, indicating a substantial drop in value.Intel’s stock today is 35% lower than the all-time high it reached back in 2000 before the internet bubble burst. Intel has struggled, and its shareholders suffered, as the company ...

It appears the Federal Reserve is clearly done raising interest rates, and large investors are becoming more bullish. So, with the economic outlook strong, investing in growth stocks now is smart.On Jan. 10, New York Fed Governor John Williams said that rates “are tight enough” to meet the Fed’s inflation goals. Some believe that statement officially ends the possibility of the Central Bank raising rates again. Meanwhile, the S&P 500 is close to its record high of 4,796.56. This shows that investors are bec ...

Key PointsA straddle is a non-directional options strategy to use when you believe a large price move can happen for an underlying stock.A straddle is executed by going long a call and a put at the same strike price with the same expiration date.Straddles can be used when a known catalyst is scheduled that can trigger a large move in either direction, like an earnings report.5 stocks we like better than IntelIf you believe that a stock in any stock sector will make a large price move, you can make an option ...

Shares of Intel (INTC -1.64%) were moving higher in December as the chipmaker best known for supplying PCs announced a new line of artificial intelligence (AI) chips at its AI Everywhere event. The company also received a multibillion-dollar grant from Israel to open a new plant and benefited from other tailwinds, including U.S. policy supporting chip manufacturing at home.As a result, the stock finished the month up 12%, according to data from S&P Global Market Intelligence. As you can see from the chart, ...

Intel (INTC -1.71%) has been a perennial underperformer on the stock market for a very long time. This is evident from the fact that the stock's price has remained almost flat over the past five years, which pales in comparison to the tech-laden Nasdaq-100 Technology Sector index's outstanding gains of 148% during the same period.However, 2023 was a solid year for Intel investors. The stock gained an impressive 60% last year and outpaced the Nasdaq-100's 50% gains. The solid rally has brought Intel's market ...

Artificial intelligence (AI) stocks were the toast of Wall Street last year. The segment was one of the biggest growth drivers in the Nasdaq Composite's 43% rise in 2023, with countless companies benefiting from increased interest in AI. However, data from Grand View Research suggests the sector is just getting started. The AI market is projected to expand at a compound annual growth rate (CAGR) of 37% through 2030, which would see it exceed a $1 trillion valuation before the end of the decade. So, even sto ...