Intel Stock News

November is shaping up to be a volatile month, with the U.S. election underway (the result of which may be known by the time you're reading this piece) and a slew of other question marks that are sure to move markets in either direction.

The Trump vs. Harris game is down to the bottom of the ninth.

Intel stock's improved outlook has mitigated recent selling intensity, helping INTC bolster its bottom above the $20 level. Management's restructuring and cost-cutting efforts have bolstered market confidence. However, are they enough for a long-term turnaround? Intel's external foundry business and AI chip efforts lag behind those of its key rivals.

Intel's Q3 earnings showed a slight revenue beat but a big earnings miss due to restructuring charges, leading to a mixed market reaction. Despite some positive signs in cost-cutting and segment growth, Intel's lowered guidance and ongoing challenges suggest caution. Intel's Foundry business has potential but remains unproven, with significant investments and some early wins, including a partne...

Companies can often boost their stock prices when they decide to spin off different divisions of the business. Oftentimes, this can mean shedding a non-core business or even a money-losing business into a separate entity.

The legacy chipmaker faces another challenge.

Intel's "5 nodes in 4 years" roadmap and restructuring aim to improve profitability, though substantial revenue growth seems unlikely in the near to mid term. Q3 results showed a 6% YoY revenue decline and non-GAAP EPS of -$0.46, indicating no recovery from the mid-2022 revenue decline. Foundry, Mobileye, and AI businesses could offer some revenue growth over time.

This will mark only the 53rd change for Wall Street's iconic index since its inception on May 26, 1896.