Daniel Newman of the Futurum Group discusses some of the latest developments coming out of the Qualcomm Snapdragon Summit and says that he doesn't think acquiring fellow chipmaker Intel would be the best path forward for the company.
Cristiano Amon, Qualcomm president and CEO, joins 'Closing Bell Overtime' to talk AI mobile chips, a rumored Intel bid, growth in the industry and more.
Intel's Q2 FY2024 results were disappointing, with revenue and margins falling short of expectations, highlighting ongoing struggles against competitors like AMD and TSMC. Despite recent negative sentiment and downgrades, I believe Intel has a favorable environment to beat Q3 expectations, potentially leading to a stock price recovery. Intel's long-term initiatives, including AI and foundry expansions, are promising but slow-moving, with significant competition and execution risks.
Gateway Investment Advisers more than doubled a Verizon investment, bought Intel stock, and sold AT&T and Micron stock in the third quarter.
[00:00:00] Doug McIntyre: So Intel is the biggest, uh, chip train wreck of probably the last 10 years.
Intel (INTC) shares could appear on watchlists Friday after CNBC reported late Thursday that the embattled chipmaker is considering selling at least a minority stake in its Altera programmable chip unit to raise several billion dollars in cash.
Intel (INTC) shares rose Friday, lifted by indications that it is looking for a big outside investment in its Altera programmable chipmaking unit.
Intel's current valuation is attractive for near-term investors, with a 50% market cap growth potential in 2025, driven by the 18A node and rising AI demand, despite anticipated Q3 weakness. Management's cost-reduction plan, including layoffs and dividend suspension, aims to improve free cash flow but may hinder long-term growth against competitors like NVIDIA and TSMC. Intel's Data Center and AI unit struggles due to competition and product delays, necessitating strategic clarity and operational efficiency to regain its market position.
Intel stock (NASDAQ: INTC) is expected to publish its Q3 2024 results around October 31. We expect revenue for the quarter to come in at about $13.1 billion, roughly in line with consensus estimates and down about 8% compared to last year.
Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported. The US tech giant is seeking a deal that values the programmable chip unit at around $17 billion.
Intel is looking for an investor that would acquire at least a minority stake worth billions for its Altera subsidiary, an abrupt about face from its prior messaging. Any deal would look to value Altera at least what the $16.7 billion that Intel paid for it in 2015.
Chip maker TSMC posted an earnings beat on Thursday, reassuring investors who were worried that the AI boom could be about to fizzle out.