Intel Stock News

NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) will replace Intel Corp (NASDAQ:INTC, ETR:INL) in the Dow Jones Industrial Average this week in the latest shake-up of the Wall Street index.  Intel has been one of the DJIA's 30 constituents since 1999, when it and Microsoft became the first companies traded on the Nasdaq exchange to be included as part of the 128-year-old benchmark.

Nvidia joins the Dow, replacing Intel in a major AI-driven shift as its market cap soars, reflecting tech's dominance in the stock market.

More than a decade after ‘too big to fail' became a common and unwelcome phrase in many circles, the U.S. may have received another company with such a label: the American semiconductor giant Intel (NASDAQ: INTC).

The company will join the blue-chip index this week, further cementing its position as the leading U.S. chip stock.

Intel reported worse-than-expected Q3 results, driven by non-recurring charges. The top line beat estimates, however, and the Q4 outlook is solid. Intel has likely seen the worst already, with a $16.6B quarterly loss in Q3. Sentiment is so strained, that despite $18.5B in impairment and restructuring charges, Intel's share price rallied 8% after earnings.

Intel's stock price saw a slight recovery after a drastic crash experienced YTD. The management takes action to restructure the business and provides a promising outlook on the years to come. My conservatively derived price target offers an upside potential with a sufficient margin of safety.

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.

Intel reported a revenue beat but a huge EPS miss due to restructuring and impairment charges. The company mentioned a key partnership with Amazon Web Services for next generation CPUs on built on Intel 3 and an "AI fabric chip" built on Intel 18A. While challenges and risks remain, I upgrade Intel to a Buy and believe this is a turning point.