The Q3 earnings result is decent, but investors need a long-term view, as Intel's foundry's long lead time continues to negatively affect its consolidated margin. INTC's extensive presence in the enterprise will be an edge as it focuses its AI strategy on this segment. Retrieval-augmented generation and small language model can be the catalyst the Company needs to gain traction in the booming A...
Intel financials continue to be awful. Heavy capex spending is necessary but likely won't yield financial benefits for the company for some years. Despite poor financials, high trading volume suggests potential institutional accumulation, anticipating positive developments at Intel.
Nvidia's entrance to the Dow Jones Industrial Average was announced on Friday, following the chipmaker's spectacular rise to over $3.3 trillion in market cap. The move was more related to the equally spectacular fall of Intel, which has lost more than half its value this year, leaving its stock as almost weightless in the Dow.
Intel beat street revenue estimates for Q3, but badly missed on the bottom line. Management provided a decent current quarter forecast. The company's balance sheet worsened in Q3, and remains deep in a net debt situation.
Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a minority stake in Altera, the programmable chips business that Intel acquired for nearly $17 billion in 2015, according to people familiar with the matter.
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