Intel (INTC -2.90%) has largely failed to tap into soaring demand for artificial intelligence (AI) accelerators. The company's acquisition of AI chip start-up Habana Labs back in 2019, three years before the AI boom kicked off in earnest, certainly seemed like a prescient move.
Intel (INTC -2.90%) reported another quarter of underwhelming performance.
Intel (INTC -2.90%) made significant progress last year in its server central processing unit (CPU) business. The company has been losing market share to AMD for years, partly because it was stuck on its aging Intel 7 manufacturing process.
Matt Bryson, Wedbush Equity Research analyst, says the big question is, "What does Intel do from here"? The chipmaker posted earnings that were better-than-expected but warns of a tougher first quarter to come.
Intel beats fourth-quarter earnings and revenue estimates but offers a downbeat outlook for the ongoing quarter.
Computer processor maker Intel (INTC) exceeded fourth quarter expectations despite a third straight quarter of declining revenue. Intel also fell short on weak guidance for the first quarter due to seasonal weakness, macro uncertainty, and rising competition.
Intel Corporation has underperformed the S&P500 since my last 'Sell' update on the stock, and Q4 FY2024 results provide fresh reasons to remain bearish. INTC delivered weak revenue guidance that has become a norm. Q1 FY2025 revenues are expected to fall 11-18% QoQ due to seasonality but also a whole litany of other reasons. Intel's data center business' outlook is hit with the rude shock of cancellations and further delays of long-awaited product launches.
CNBC's Jim Cramer explains why he is keeping an eye on shares of
Intel Corporation faces significant challenges, including shrinking market share and revenue, but has a solid turnaround plan addressing core issues. The plan includes new manufacturing projects, a foundry business spin-off, and partnerships with AWS to regain technology leadership. Despite recent losses, Intel's financial strength, with $24B in cash and strategic investments, supports its recovery efforts.
Some analysts say the outlook looks conservative. Another says investors are “likely growing numb to the company's travails.
Solid traction from an accelerated ramp-up of AI PCs helped INTC record better-than-expected fourth-quarter results.
Shares of Intel (INTC) are moving higher as it posted an earnings beat. The report is considered positive despite revenue falling 7% from the prior year.