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In the closing of the recent trading day, Intel (INTC) stood at $23.96, denoting a -0.66% change from the preceding trading day.
INTC unveils a cutting-edge AI product suite to accelerate AI deployment at enterprises' edge infrastructure.
Nvidia CEO Jensen Huang poured cold water on the idea of a consortium led by TSMC taking over its chip-manufacturing operations.
Intel Corporation NASDAQ: INTC continues to defy market headwinds, extending its stock market rally. After a 7% climb in the previous session and a cumulative increase of roughly 25% since the announcement of its new Chief Executive Officer, the semiconductor giant's shares have leveled off today.
Intel, with declining revenues, margins, and asset efficiency, faces significant challenges. Despite restructuring efforts, Intel's financial performance continues to decline, with FY24 revenues down 33% from FY21 and net income turning negative. A sum of parts of three independent units - Intel Products, Intel Foundry, and Architecture Design - points to significant shareholder value, with a potential total market cap of $393 billion.
Selling put options on Intel and CRISPR Therapeutics could yield high returns with only moderate risk, given their respective market conditions and potential upside. For Intel, selling $22 strike June 20th puts offers a 19.07% annualized yield, with a -19.8% breakeven, supported by strong fundamentals and a new CEO. For CRISPR, selling $30 strike July 18th puts offers a 13.51% annualized yield, with a -29% breakeven, backed by a promising biotech pipeline and recent drug approval.
This week, new Intel (INTC) CEO Lip-Bu Tan officially took the reins at the chip giant this week. But there is still a lot of uncertainty about what lies ahead for the chipmaker.
Nvidia CEO Jensen Huang said on Wednesday that his company has not been approached about purchasing a stake in Intel.
Intel (INTC -6.75%) stock is seeing a big sell-off in Wednesday's trading due to chip foundry news. The semiconductor company's share price was down 7.1% as of 3 p.m.
Intel's new CEO, Lip-Bu Tan, has a stellar track record and is expected to drive a significant turnaround, making Intel a Strong Buy. INTC's Foundry Services, if successful, could rival TSMC, potentially boosting Intel's market share and valuation significantly. Despite recent struggles, the Company's vertically integrated business model and substantial investments in R&D position it for long-term growth.