Intel Corporation (NASDAQ:INTC) has been through some tough times lately. After reporting its earnings for the first quarter of 2024, its stock took a hit, dropping from above $35 to below $30 recently. The company’s guidance for the next quarter wasn’t as good as expected, which worried investors.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Intel predicted its revenue for the second quarter of 2024 would be between $12.5 billion and $13.5 billion. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Intel and recommends the following options: long January 2025 $45 calls on Intel and short May 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected b ...

The United States Government informed Intel and Qualcomm that they are revoking a license to export products to a specific Chinese customer.In today's video, I discuss recent updates impacting Intel (INTC 0.22%) and Qualcomm (QCOM 0.64%). 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 May 9, 2024. The video was published on May 10, 2024. ...

The Worst Performing Dow Stock of 2024 MicroStockHub / iStock via Getty Images The Dow Jones industrial average was launched in 1896. For decades, it was considered the primary benchmark of the equities market. However, it had too few stocks—only 30—to reflect that broad market. It was eventually replaced by the S&P 500, which was considered more representative because it included so many stocks from a broader range of market sectors. However, the Dow is often at the top of the market performance lists. F ...

Intel (NASDAQ:INTC) stock continues to decline, making it the worst performer in the S&P 500 index this year. Since January, INTC stock has fallen nearly 40%, placing it at the bottom of 503 companies listed in the benchmark S&P index. Today, the share price of Intel is 35% lower than where it was in 2019. Very few people who bought the stock before the Covid-19 pandemic and held on have made any money. That chip stocks are booming right now amid a surge in artificial intelligence demand makes Intel’s under ...

Investment Rating - The report does not explicitly state an investment rating for Intel (INTC) [2]. Core Insights - Intel's Q1 2024 revenue was $12.7 billion, reflecting a year-over-year increase of 9% but a quarter-over-quarter decrease of 17%, aligning with guidance expectations [3][7]. - Non-GAAP gross margin was reported at 45.1%, up 6.7 percentage points year-over-year but down 3.7 percentage points quarter-over-quarter, exceeding guidance by 60 basis points [3][7]. - Non-GAAP earnings per share were $0.18, a significant increase of 550% year-over-year and a decrease of 66% quarter-over-quarter, surpassing expectations by $0.05 [3][7]. - The company experienced a negative operating cash flow of $1.2 billion and a free cash flow of -$6.2 billion, attributed to seasonal factors and capital expenditures [9][28]. Revenue Breakdown Intel Product Business - Revenue from Intel's product business was $11.9 billion, a 17% increase year-over-year but a 14% decrease quarter-over-quarter [11][21]. - The Client Computing Group (CCG) generated $7.5 billion in revenue, up 31% year-over-year but down 15% quarter-over-quarter, with an operating profit margin of 35.1% [13][21]. - The Data Center and AI (DCAI) segment reported $3.0 billion in revenue, a 5% increase year-over-year but a 14% decrease quarter-over-quarter, driven by improved enterprise demand [14][21]. - The Network and Edge (NEX) segment saw revenue of $1.4 billion, down 8% year-over-year and 7% quarter-over-quarter, with expectations for recovery in the market [15][21]. Intel Foundry Business - The foundry business generated $4.4 billion in revenue, a decline of 10% year-over-year and 15% quarter-over-quarter, primarily due to reduced backend services and sample revenue [16][21]. - Operating profit was reported at -$2.5 billion, with a significant decrease in operating profit margin due to increased startup costs and the end of traditional packaging business [16][21]. Other Businesses - Altera reported revenue of $342 million, down 58% year-over-year and 29% quarter-over-quarter, impacted by industry-wide inventory digestion [19][21]. - Mobileye's revenue was $239 million, down 48% year-over-year and 62% quarter-over-quarter, with expectations for recovery as inventory issues are resolved [20][21]. - Other segments generated $194 million in revenue, reflecting a 17% year-over-year increase [21]. Q2 2024 Guidance - Intel expects Q2 2024 adjusted revenue to be between $12.5 billion and $13.5 billion, with a midpoint of $13.0 billion, indicating a year-over-year increase of 0.4% and a quarter-over-quarter increase of 2.2% [22][28]. - The company anticipates a gross margin of 43.5%, a year-over-year increase of 3.7 percentage points and a quarter-over-quarter decrease of 1.6 percentage points [22][28]. - Non-GAAP earnings per share for Q2 are projected at $0.10, slightly below market expectations of $0.11 [22][28]. - Growth is expected across all business segments in the second half of the year, driven by improved demand from cloud services and enterprise customers [23][28].

A new export restriction dinged the stock.Shares of Intel (INTC -2.90%) were sliding today after the U.S. revoked the company's license to sell chips to Huawei, the latest escalation in the ongoing tech cold war between the U.S. and China.As of 12:48 p.m. ET on Wednesday, Intel stock was down 2.9% on the news. The government giveth to Intel and the government taketh awayA big part of the bull case on Intel these days is that the company is set to get billions of dollars from the government to build new semi ...

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 ...