Intel Corp. has hired advisors, including those with Morgan Stanley, to help defend the company against potential shareholder activism, CNBC reported late Friday.
Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter. The chipmaker has lost almost 60% of its value this year as it struggles to keep pace with rivals in artificial intelligence.
Recent comments from Fed Chairman Jerome Powell suggest that the central bank will cut interest rates. Lower rates tend to be beneficial for businesses and stocks.
Intel (INTC) shares sank 6.1% on Thursday following reports that the semiconductor giant's progress on constructing two new chip fabrication facilities in Germany may be stalled.
Intel fell today due to concerns that the company will not go forward with the construction of two new chip plants in Germany. AI hasn't been a material growth driver for the company so far, and growing its fabrication business will be very expensive.
Wall Street got cold feet Thursday ahead of a key speech from Federal Reserve Chairman Jerome Powell, with major indexes registering their worst days in weeks.
Intel's director Lip-Bu Tan, a semiconductor industry veteran brought in 2022 to help with the chipmaker's comeback effort, is stepping down from its board, Bloomberg News reported on Thursday, citing people familiar with the situation.
Concerns are mounting that Intel may not go through with the construction of two new chip fabs in Germany. The company had secured significant subsidies for the new plants, but it's also implementing drastic cost-cutting measures.
Nvidia Corporation has overtaken Intel as the most profitable data center chip vendor due to the rise of AI. It is delivering strong growth and does not have an excessive valuation. Intel is struggling financially (due to a manufacturing business operating at a 66% operating loss) but is on a comeback path technologically, presenting a turnaround investment opportunity. Both Nvidia and Intel offer investment opportunities, with Nvidia being a reliable growth stock and Intel presenting a potential turnaround play.
Intel has kept pace with AMD in terms of performance in the PC CPU market, but at the expense of power efficiency. The company's past manufacturing stumbles continue to impact its competitiveness.
Texas Instruments announced today that it's on track to receive $1.6 billion in funding from the U.S. government. The funding comes through the CHIPS Act and is designed to boost domestic chip production.
Intel (INTC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.