Intel was once a giant of Silicon Valley. It's now in the midst of a crisis.
There aren't too many stocks in the technology sector that offer the type of discount that shares of Intel Co. NASDAQ: INTC offer. The stock has been under a lot of scrutiny for falling behind the artificial intelligence race and sticking to what had been safe for its business: the personal computer (PC).
Intel Corp INTC just gave its employees a much-anticipated update, but don't expect any earth-shattering surprises.
Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business.
Despite some positive foundry developments, numerous analysts see challenges ahead for Intel as it tries to reclaim technological leadership
Intel (NASDAQ: INTC) has witnessed a surge in insider stock purchases coinciding with the announcement of a $3.5 billion United States government contract award.
Intel shares jumped 7% before the bell on Tuesday, as a chip-making deal with Amazon's cloud business provided a major stamp of approval for its struggling contract manufacturing business.
Intel stock rose after news of its chip deal with Amazon but the semiconductor company still needs to convince on execution and bringing in more customers.
Intel announced numerous updates and customer wins for its foundry business.
Intel (INTC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Intel Corp (NASDAQ:INTC, ETR:INL) has outlined plans to split its foundry business into a separate subsidiary with its own governance structure within the wider group. Intel Foundry comprises the Santa Clara-headquartered technology trailblazer's semiconductor manufacturing wing, which is an aspect of the business chief executive Pat Gelsinger has been at pains to grow.
German Chancellor Olaf Scholz said on Tuesday that Intel is committed to its plan to build plants in eastern Germany despite the U.S. chipmaker's announcement that it is delaying construction by two years amid cost-saving measures.