Former president Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on the Joe Rogan Experience podcast and accused the country of stealing America's chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Such tariffs would impact the global leader in chip building, Taiwan Semiconductor Manufacturing Company, whose customers include companies like Nvidia and Apple. Shares of Taiwan Semiconductor clo ...

Intel's Stock Performance and Technical Analysis - Intel shares will be in focus this week as investors await the company's third quarter results after Thursday's closing bell [1][2] - The stock has recovered 23% from its early-September low, supported by the company's turnaround plans, but remains more than 50% lower since the start of the year [2] - Intel shares have been trading sideways since breaking above the neckline of a double bottom pattern last month, with a doji forming last week indicating indecision [3] - The relative strength index (RSI) has flattened out in recent weeks, confirming rangebound conditions in the stock [3] Key Support and Resistance Levels - Key support levels to monitor are around $22 and $19, with $22 sitting just 3% below Friday's close and providing support near the double bottom pattern's neckline [4] - A breakdown below $22 could see the stock revisit $19, where bargain hunters may look for buying opportunities [4] - Important resistance areas to watch are near $25, $30, and $36, with $25 being a potential exit point for investors who purchased at lower levels [5] - A rally through $25 could see the shares climb to $30, where overhead selling pressure may emerge, and a more bullish move may lead to a retest of the $36 level [5] Revenue Expectations and Competitive Landscape - Analysts expect Intel to report a decline in revenue for the third quarter due to softening demand for PC and server chips [2] - The company faces intensifying competition from rivals such as Advanced Micro Devices (AMD) and Nvidia (NVDA), contributing to its shrinking dominance in the chip market [2]

Two of these AI chips stocks have good reasons to rise today. The third, not so much.Shares of semiconductor giants Broadcom (AVGO 1.55%), Intel (INTC 2.57%), and Taiwan Semiconductor Manufacturing (TSM 3.09%) all marched higher Friday after Bank of America analyst Vivek Arya was quoted encouraging investors to invest in the "generational capex cycle in generative AI infrastructure." Capex is shorthand for capital expenditures. Broadcom, TSMC, and Intel are chipmakers considered part of said "capex cycle," ...

Earnings and Estimates - Intel is scheduled to report Q3 2024 earnings on Oct 31, with Zacks Consensus Estimate for revenues at $13.01 billion and a loss of 3 cents per share [1] - Earnings estimates for 2024 have declined from 33 cents to 27 cents per share, and for 2025 from $1.08 to $1.07 per share over the past 60 days [1] - The company has a four-quarter average earnings surprise of 19.1%, beating estimates thrice, but had a negative 80% surprise in the last reported quarter [3][4] AI and Technology Developments - Intel collaborated with IBM to deploy Gaudi 3 AI accelerators in IBM Cloud, aiming to improve visibility, control, and cost-effective scaling of enterprise AI workloads [6] - The company is scaling its AI footprint to edge devices and PCs with Core Ultra processors, supporting over 100 software vendors and 300 AI models [7] - Intel introduced Core Ultra 200V series processors, marking a significant advancement in x86 processor technology with improved graphics, security, and power efficiency [7] - The company extended its collaboration with AWS, involving a multi-year, multi-billion-dollar framework for custom chip designs, including an AI fabric chip using Intel 18A process node [8] Market and Competitive Landscape - Intel faces potential market restrictions and increased competition from domestic chipmakers in China due to Beijing's push for technological self-sufficiency [8][9] - The company is witnessing intensifying competition in server, storage, and networking markets from rivals like AMD and NVIDIA [9] - Over the past year, Intel's stock has lost 31.3% against the industry's growth of 187.6%, lagging its peers [10] Valuation and Investment Considerations - Intel's price/sales ratio is 1.74 forward sales, lower than the industry's 17.52 and the stock's mean of 2.72, indicating it is relatively cheaper [10] - The company's innovative AI solutions, including Gaudi and Core Ultra platforms, are designed to deliver flexible, secure, and cost-effective AI solutions, positioning Intel as a leader in AI [11] - Intel's strategy for open, scalable AI systems extends beyond hardware, encompassing software, frameworks, and tools, fostering a broad ecosystem of AI players [12] Challenges and Risks - China's directive to phase out foreign chips from key telecom networks by 2027 could significantly affect Intel, as it derives a significant portion of its revenues from China [8] - Increasing competition from established players and emerging China-based firms is likely to adversely impact Intel's bottom line [11] - Despite recent product launches, Intel's declining earnings estimates and poor price performance compared to peers have led to negative investor perception [12]

KEY TAKEAWAYSIntel notched a win in a long-running fight against the European Union (EU) after the bloc's top court backed the annulment of a 1.06-billion-euro ($1.15 billion) antitrust fine on the U.S. chipmaker.On Thursday, the European Court of Justice said it dismissed the appeal by the European Commission, the EU's enforcement arm, to stick with the fine.The court's ruling is final and can't be appealed.The European Commission had alleged that Intel had abused its dominance in the market for x86 centra ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Intel plans to chop another 500 jobs in the Bay Area in a fresh round of staffing reductions that reveal the local impact of the massive worldwide cutbacks that the tech titan has orchestrated. The company has decided to eliminate 516 jobs in Santa Clara, Intel reported via an official WARN letter tha ...

The US chipmaker Intel has won a long-running battle to quash a fine of more than €1bn imposed by the European Commission for allegedly abusing its market dominance in the sale of computer chips.In a final ruling on Thursday, theEuropean court of justice upheld an earlier judgment that had quashed the €1.06bn (£880m) fine and partly dismissed the charges of anticompetitive behaviour.But the ruling by the EU’s highest court is not the last word in the dispute, which dates back more than two decades. Intel ha ...

Core Viewpoint - Intel is expected to report disappointing earnings for its third fiscal quarter on October 31, 2024, as investor sentiment is low due to the company's recent struggles in the semiconductor market [1]. Company Summary - Intel has effectively conceded in the competitive landscape of the semiconductor industry, leading to a lack of optimism among analysts and investors regarding its upcoming earnings report [1].

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract t ...

Key TakeawaysIntel shares could appear on watchlists today after CNBC reported late Thursday that the chipmaker is considering selling at least a minority stake in its Altera programmable chip unit.The stock broke above the neckline of a double bottom last month on above-average volume to confirm the pattern, but has since failed to find upside momentum.Investors should watch support levels on Intel's chart around $22 and $19, while keeping an eye on resistance areas near $25 and $30. Intel (INTC) shares co ...