Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) is in the green on Wednesday after a Bank of America analyst issued a bullish note in its favour.Is TSM stock worth buying in 2024? Copy link to section Brad Lin recommends buying TSM stock even though Intel announced plans of cutting its reliance on outsourced wafers to about 20% (previously at 30%) this week. But the BofA analyst is not convinced that $INTC can deliver on its ambitious plans for its foundry business. In fact, that segment lost about ...

Intel (NASDAQ:INTC) stock fell 5% overnight after the chipmaker reported a $7 billion loss for its foundry business. The chip company has been trying to “re-shore” manufacturing to the U.S., but it has suffered several setbacks.INTC stock was selling for $41.40 per share before the market opened, its market cap falling below $176 billion. As of this writing, it is currently down 6.5% for the day.Gelsinger’s LawIntel CEO Pat Gelsinger made a huge bet on chip manufacturing when he returned to the company in 2 ...

Intel's goals are ambitious, but they come at a cost.In this video, I will talk about the recent comments Intel's (INTC -6.71%) CEO Pat Gelsinger shared with investors about the company's future.*Stock prices used were from the trading day of April 2, 2024. The video was published on April 3, 2024. ...

Are the stars aligning for Intel stock to go on a powerful bull run?Intel's (INTC -1.30%) stock price has been seeing some big swings over the last year as investors weighed the benefit of emerging opportunities against various geopolitical pressures and other risk factors. One analyst firm weighed those conflicting actors and came away with the assumption that the semiconductor giant's share price is heading significantly higher in the near term.In a research note published on April 1, UBS' analysts mainta ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

In the unforgiving realm of artificial intelligence, a single misstep can swiftly sideline your company or significantly hinder its chances of success. This is a lesson that Intel (NASDAQ: INTC) learned the hard way when it disclosed $7 billion in losses for its chip-making foundry in 2023.This loss comes on the heels of an even larger setback than the $5.2 billion in operating losses reported the previous year. The unit generated revenue of $18.9 billion for 2023, marking a sharp 31% decline from $27.49 bi ...

Key TakeawaysIntel shares moved lower in extended trading Tuesday evening after the company disclosed a widening loss and declining sales in its foundry business.The chipmaker's foundry business reported an operating loss of $7 billion on sales of $18.9 billion last year, compared to a loss of $5.2 billion on sales of $27.5 billion in 2022.Intel CEO Patrick Gelsinger said he expects losses in the foundry business to peak this year before breaking even midway between now and the end of 2030.Investors should ...

Intel Corporation (NASDAQ:INTC) New Segment Reporting Webinar Conference April 2, 2024 4:30 PM ET Company Participants John Pitzer - Corporate Vice President of IR Pat Gelsinger - CEO David Zinsner - CFO Conference Call Participants Timothy Arcuri - UBS Joe Moore - Morgan Stanley Vivek Arya - Bank of America Securities Aaron Rakers - Wells Fargo Vijay Rakesh - Mizuho Srini Pajjuri - Raymond James C.J. Muse - Cantor Fitzgerald Operator Thank you for standing by, and welcome to the Intel Corporation New Segme ...

Intel Corporation (NASDAQ:INTC) New Segment Reporting Webinar Conference April 2, 2024 4:30 PM ET Company Participants John Pitzer - Corporate Vice President of IR Pat Gelsinger - CEO David Zinsner - CFO Conference Call Participants Timothy Arcuri - UBS Joe Moore - Morgan Stanley Vivek Arya - Bank of America Securities Aaron Rakers - Wells Fargo Vijay Rakesh - Mizuho Srini Pajjuri - Raymond James C.J. Muse - Cantor Fitzgerald Operator Thank you for standing by, and welcome to the Intel Corporation New Segme ...

The most recent trading session ended with Intel (INTC) standing at $43.94, reflecting a -1.3% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.72%. Meanwhile, the Dow experienced a drop of 1%, and the technology-dominated Nasdaq saw a decrease of 0.95%.The the stock of world's largest chipmaker has fallen by 2.39% in the past month, lagging the Computer and Technology sector's gain of 2.34% and the S&P 500's gain of 2.16%.Market participants ...