I maintain my Buy rating on Intel, expecting a strong Q2 earnings beat and a potential stock price surge as the market underestimates its turnaround. Consensus estimates for Intel's Q2 EPS are setting a very low bar, creating a high probability for another significant earnings beat that could ignite the stock. The lack of a clear seasonal pattern suggests Wall Street's pessimism is overblown, especially given management's guidance for relatively stable sequential performance.
The three major microchip stocks in this analysis all look as if they are going higher over the longer-term, but they are moving at different paces, as would be expected. Nvidia continues to run hot, while the other two are in the process of turning it up to higher levels.
Intel (INTC) said it plans to start laying off hundreds of workers in Oregon as part of previously announced cuts under its restructuring plan.
INTC may gain from 35% chip tax credits as it accelerates U.S. manufacturing under its IDM 2.0 strategy.
In our previous coverage, we've detailed the stiffening tariff and regulatory implications on Intel Corporation on top of existing execution challenges pertaining to its ongoing turnaround plan. In the latest development, management's potential decision in accelerating Foundry's external volume roadmap from 18A to 14A could further pressure the company's already fragile fundamental outlook, while escalating execution risks. This accordingly skews INTC stock's near-term risk profile further to the downside, which the stock's resilience this year likely continues to underappreciate.
Intel (INTC) reached $21.88 at the closing of the latest trading day, reflecting a -4.25% change compared to its last close.
The chip maker is reportedly considering not offering its 18A node externally because it has been unsuccessful in attracting new customers.
Intel's (INTC) new CEO Lip-Bu Tan is considering a shift away from marketing its 18A chip-manufacturing process, potentially focusing more on an in-development process known as 14A, according to Reuters.
Intel is undergoing a major transformation, shifting from a CPU-centric model to a multi-platform foundry and AI silicon leader, yet remains deeply undervalued. Recent financials show business stabilization, positive cash flow, and strong foundry momentum, with external orders exceeding $15 billion and government subsidies de-risking capex. AI PC and datacenter accelerator launches position INTC for secular growth, while U.S. policy support creates a unique strategic advantage over global peers.
Intel's new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor's plans.
INTC teams with Exostellar to scale AI faster using Gaudi accelerators and orchestration tech for hybrid cloud agility.
INTC slashes up to 20% of its workforce, exiting auto chips to cut costs and refocus on core PC and data center segments.