Intel Corporation (INTC)
Intel's AI struggles and rising costs keep recovery outlook at bay, says Bank of America
Intel's trajectory toward a full recovery may still be two years away despite slight sales beats in recent quarters, analysts at Bank of America warned Friday. The investment bank reiterated an “Underperform” rating and a price target of $21 for Intel Corp (NASDAQ:INTC, ETR:INL), signaling limited growth prospects in the near term amid stagnant sales projections and rising operational costs.
Is Intel's downtrend finally over? Stock signals a rebound
Intel (NASDAQ: INTC) reported better-than-anticipated Q3 2024 results on October 31, marking progress on its aggressive restructuring and cost-cutting initiatives. The company's non-GAAP EPS was a loss of $0.46 per share, missing estimates by $0.43, while revenue came in at $13.28 billion, beating expectations by $240 million but still reflecting a 6.2% decline year-over-year.
US Stocks Jump on Amazon, Intel Strength; Fed's Rate Cut in Focus Next Week
Dow and Nasdaq climb on Amazon and Intel growth; rate cut likely as Fed monitors softer jobs data. Read on for insights into the latest market moves.
INTC Rebounds, BA Offers New Union Deal, Beat Fuels CVX & XOM
Diane King Hall says Intel (INTC) "threw everything and got all the bad out" in its latest earnings report, boosting investor confidence. Boeing (BA) pens yet another deal to its striking mechanist union that includes a larger wage raise.
After Intel's messy earnings report, this much is clear
Intel CEO Pat Gelsinger seems to have the board's backing for his plan to run Intel's foundry and design businesses combined, analyst says, despite reports of potential merger interest or a split.
Intel: Outlook Too Easy To Miss, Buy For The Honeymoon Phase
We reiterate our buy on Intel Corporation after 3QFY24 earnings, as we continue to believe the outlook will be too easy to miss. For the quarter, Intel management reported Q3 sales of $13.28B outpacing consensus of $13.02B and guided for Q4 sales of $13.3-14.3B, with the midpoint ahead of consensus estimates at $13.66B. We think INTC should see some share regain in the PC market with Lunar Lake.
Intel's Q3 Loss Wider Than Expected on Impairment Charges, Shares Up
High impairment charges and restructuring costs force INTC to report a wider-than-expected third-quarter loss.
Intel Stock Jumps on Earnings. Why This J.P.
The semiconductor maker beat Wall Street revenue estimates and issued better-than-expected guidance on Thursday.
A year on, Intel's touted AI-chip deals have fallen short
Intel's upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations.
Nvidia Stock Rises Following Amazon, Intel Earnings. It's Still Set to End the Week Down.
Chipmaker Intel and e-commerce giant Amazon both reported quarterly earnings Thursday after the bell.
