Get started

INTC

Intel Shares Plummet 28% Amid Disappointing Q2 EarningsIntel Corporation ( NASDAQ:INTC ) witnessed a staggering 28% drop in its stock price on Friday, sending shockwaves through the semiconductor industry and contributing to a broader tech sector decline. The company's disappointing second-quarter earnings report, coupled with a significant workforce reduction plan, has raised serious concerns about its future prospects. A Stark Earnings Miss and Workforce Reduction Intel's Q2 earnings report fell significantly short of expectations, sparking a steep decline in its stock price. The company reported a substantial earnings miss and revealed plans to lay off more than 15% of its employees as part of a $10 billion cost-reduction strategy. This announcement marks one of the most severe stock declines for Intel in recent history, reminiscent of the tech bust of 2000. The semiconductor giant's revenue and profit figures for the June quarter were notably below analyst estimates, exacerbating investor anxiety. The company's decision to implement significant layoffs underscores the challenging landscape it faces as it struggles to compete with rivals who are capitalizing on the AI boom. Global Semiconductor Stocks Take a Hit Intel's dismal performance had a ripple effect across the global semiconductor industry. Major Asian and European chipmakers saw their stock prices tumble in response. Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung, two of the world's leading semiconductor companies, experienced notable declines of 4.6% and over 4%, respectively. SK Hynix, a key supplier to Nvidia, closed more than 10% lower, highlighting the widespread impact of Intel's struggles. In Europe, semiconductor firms such as ASML, ASMI, STMicroelectronics, and Infineon also faced significant losses. ASML, which provides essential tools for chip manufacturing, saw its shares drop by over 8%, while ASMI fell by 9%. The negative sentiment surrounding Intel's results further fueled the global sell-off in tech stocks. Broader Market Impact The repercussions of Intel's disappointing earnings were felt across the broader market. The Nasdaq 100 index, heavily weighted with tech stocks, was particularly affected, dragging down overall market performance. The VanEck Semiconductor ETF, which tracks major names in the semiconductor sector, closed roughly 6.5% lower on Thursday. Adding to the market's woes, U.S. stock futures saw significant declines on Friday. Dow Jones Industrial Average futures dropped 317 points (0.8%), S&P 500 futures decreased by 1.1%, and Nasdaq 100 futures fell by 1.8%. The anticipation of a critical July payrolls report further contributed to the cautious market sentiment. A Mixed Picture for the Semiconductor Sector Intel's struggles come amid a mixed performance across the semiconductor sector. While companies like Nvidia and AMD continue to thrive due to the AI boom, others like Qualcomm and Arm are yet to see similar benefits reflected in their financial results. This divergence underscores the varied impacts of AI investments within the industry. Nvidia, in particular, faces additional scrutiny as the U.S. Department of Justice (DOJ) investigates potential antitrust violations related to its dominance in the AI chip market. Despite these challenges, Nvidia maintains that it competes based on decades of investment and innovation, and is prepared to cooperate with regulators. Intel's Strategic Vision and Challenges Despite the grim immediate outlook, Intel's CEO Pat Gelsinger remains committed to the company's long-term strategy. Gelsinger reiterated Intel's ambitious "5 nodes in 4 years" plan, aimed at advancing its foundry business and catching up with TSMC. This initiative includes the critical 18A process node, which is expected to power some of Intel's most important products in the coming years. Technical Outlook Intel stock ( NASDAQ:INTC ) has dropped 29% and currently has a Relative Strength Index (RSI) of 16.66, indicating it is oversold, with potential for further decline to an RSI of 10 due to a significant downward gap on the daily price chart. You can exploit these gaps through various strategies, such as buying after-hours following positive fundamental reports to anticipate a gap up, or entering positions at the start of price movements. Conclusion Intel's latest earnings report has cast a shadow over the semiconductor industry, triggering a substantial sell-off and raising questions about the company's future. While Intel's long-term strategy shows promise, the immediate challenges and market reaction underscore the difficulties it faces in navigating the competitive landscape. As the tech sector grapples with these developments, all eyes will be on Intel's next moves and their potential impact on the broader market.
NASDAQ:INTCShort
by DEXWireNews
$INTC: If there was a time to buy, it is nowYou heard it here first, Intel has finally bottomed long term and it's about to rip from here...A beneficiary of the recent trend of deglobalization/reshoring, and the inflation reduction act, $INTC had been battered and bruised for ages since it peaked back in early 2020, underperforming basically everything since then. Valuation has reached extremely low levels and people were questioning the sanity of the CEO buying shares and making religious remarks about the fate of the company (pretty much praying for the company to do well recently). Very hated name, and it finally looks like the pain is over. Everyone who was holding it for years has capitulated, and the stock ran out of sellers down here. Any slight positive news and buy pressure will make it lift tremendously, specially as people on the sidelines jump in. Best of luck! Cheers, Ivan Labrie.
NASDAQ:INTCLong
by IvanLabrie
4
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved. A bullish breakout pattern is on watch. NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce. If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis. S&P500 setting nee ATH.
NASDAQ:NDX
by Trading-Capital
5
Intel Corporation | INTCIntel reported second quarter earnings on Thursday, showing a return to profitability after two straight quarters of losses and issuing a stronger-than-expected forecast. the stock rose 7% in extended trading. Here’s how Intel did versus Refinitiv consensus expectations for the quarter ended July 1: Earnings per share: 13 cents, adjusted, versus a loss of 3 cents expected by Refinitiv. Revenue: $12.9 billion, versus $12.13 billion expected by Refinitiv. For the third quarter, Intel expects earnings of 20 cents per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales. Intel posted net income of $1.5 billion, or 35 cents per share, versus a net loss of $454 million, or a loss of 11 cents per share, in the same quarter last year. Revenue fell 15% to $12.9 billion from $15.3 billion a year ago, marking the sixth consecutive quarter of declining sales. Intel CEO Pat Gelsinger said on a call with analysts the company still sees “persistent weakness” in all segments of its business through year-end, and that server chip sales won’t recover until the fourth quarter. He also said that cloud companies were focusing more on securing graphics processors for artificial intelligence instead of Intel’s central processors. David Zinsner, Intel’s finance chief, said in a statement that part of the reason the report was stronger than expected was because of the progress the company has made toward slashing $3 billion in costs this year. Earlier this year, Intel slashed its dividend and announced plans to save $10 billion per year by 2025, including through layoffs. “We have now exited nine lines of business since Gelsinger rejoined the company, with a combined annual savings of more than $1.7 billion,” said Zinsner. Revenue in Intel’s Client Computing group, which includes the company’s laptop and desktop processor shipments, fell 12% to $6.8 billion. The overall PC market has been slumping for over a year. Intel’s server chip division, which is reported as Data Center and AI, saw sales decline 15% to $4 billion plus Intel’s Network and Edge division, which sells networking products for telecommunications, recorded a 38% decline in revenue to $1.4 billion.moreover Mobileye, a publicly traded Intel subsidiary focusing on self-driving cars, saw sales slip 1% on an annual basis to $454 million and Intel Foundry Services, the business that makes chips for other companies, reported $232 million in revenue. Intel’s gross margin was nearly 40% on an adjusted basis, topping the company’s previous forecast of 37.5%. Investors want to see gross margins expand even as the company invests heavily in manufacturing capability. In the first quarter, the company posted its largest loss ever as the PC and server markets slumped and demand declined for its central processors. Intel’s results on Thursday beat the forecast that management gave for the second quarter at the time. Intel management has said the turnaround will take time and that the company is aiming to match TSMC’s chip-manufacturing prowess by 2026, which would enable it to bid to make the most advanced mobile processors for other companies, a strategy the company calls “five nodes in four years.” Intel said on Thursday that it remained on track to hit those goals. Nvidia has had an amazing run, but any emerging technology, such as AI, which is bottlenecked by a single company will have issues in growth. Consulting firm McKinsey has pegged the AI market to be worth $1 trillion by 2030, but also that it was in an experimental and in early phases of commercial deployment. While Nvidia will likely retain its leadership in GPU hardware as applied to AI for the foreseeable future, it is likely that other hardware solutions for AI systems will also be successful as AI matures. While technologist may quibble on specifics, all major AI hardware today are based on GPU architectures, and as such I will use the terms and concepts of AI hardware and GPU architecture somewhat interchangeably. One likely candidate for AI related growth may be AMD (AMD), which has had GPU products since acquiring ATI in 2006.However, unlike Nvidia, which had a clear vision for of general-purpose GPU products (GPGPU), historically, AMD had largely kept its focus on the traditional gaming applications. AMD has developed an AI architecture called XDNA, and an AI accelerator called Alveo and announced its MI300, an integrated chip with GPU acceleration for high-performance computing and machine learning. How AMD can and may evolve in the AI may be subject of a different article. Another contender for success in the AI applications using GPU is Intel, who is the focus of this article. Intel has maintained a consistent, if low key focus on GPU hardware focused on AI applications over the last decade. Intel’s integrated HD Graphics is built into most modern processor ICs; however, these are insufficient compared to dedicated GPUs for high-end inferencing or machine learning tasks. It has 2 primary GPU architectures in production release: In 2019 Intel Corporation acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. Habana Labs’ Gaudi AI product line from its inception focused on AI deep learning processor technologies, rather than as GPU that has been extended to AI applications. As a result, Gaudi microarchitecture was designed from the start for the acceleration of training and inferencing. In 2022 Intel announced Gaudi2 and Greco processors for AI deep learning applications, implemented in 7-nanometer (TSMC) technology and manufactured on Habana’s high-efficiency architecture. Habana Labs benchmarked Gaudi2’s training throughput performance for the ResNet-50 computer vision model and the BERT natural language processing model delivering twice the training throughput over the Nvidia high end A100-80GB GPU. So, Gaudi appears to give Intel a competitive chip for AI applications. Concurrent with the Habana Labs’ Gaudi development, Intel has internally developed the Xe GPU family, as dedicated graphics card to address high-end inferencing or machine learning tasks as well as more traditional high-end gaming. Iris® Xe GPU family consists of a series of microarchitectures, ranging from integrated/low power (Xe-LP) to enthusiast/high performance gaming (Xe-HPG), data center/AI (Xe-HP) and high-performance computing (Xe-HPC). The architecture has been commercialized in Intel® Data Center GPU Flex Series (formerly codenamed Arctic Sound) and Intel® Arc GPU cards. There is some question on Xe GPU future and evolution. Intel has shown less commitment to the traditional GPU space compared to Gaudi. Nonetheless, it does demonstrate Intel ability to design and field complex GPU products as its business requires. Intel has many other AI projects underway. The Sapphire Rapids chips implements AI specific acceleration blocks including technology called AMX (Advanced Matrix Extensions), which provides acceleration inside the CPU for efficient matrix multiplications used in on-chip inferencing and machine learning processing by speeding up data movement and compression. Intel has supporting technologies such as Optane, which while cancelled as a production line, is available for their needs of a high-performance non-volatile memory, one of the intrinsic components in any AI product. Based on the above, Intel appears to have competitive hardware solutions, however if we look at Nvidia success in AI, it is a result of a much a software and systems focus as it is the GPGPU hardware itself. Can Intel compete on that front. Ignoring for the moment that Intel has a huge software engineer (approx. 15,000) resource, it also has- access to one of the leading success stories in perhaps the most competitive AI application – self driving cars. Mobileye, who was acquired by Intel in 2017, has been an early adopter and leader, with over 20 years of experience in automotive automated driving and vision systems. As such, Mobileye has a deep resource of AI domain information that should be relevant to many applications. Mobileye has announced that it is working closely with Habana, as related divisions within Intel. While Intel is in the process of re-spinning out Mobileye as public company, Mobileye Global Inc. (MBLY), at present Intel still owns over 95% of shares, keeping it effectively an Intel division. In looking at Intel, we have a company with the history, resources, and technology to compete with Nvidia and infrastructure. They have made significant investment and commitment to the emerging AI market, in times when they have exited other profitable businesses. It should also be understood that AI related product are a small percentage of overall Intel revenues (INTC revenue are more than twice NVDA, even if NVDA has 6x its market cap), and continues to keep its primary business focus on its processor and foundry business. Hopefully for shareholders, Intel continues to push their AI technology and business efforts. Their current position is that this is strategic, but Intel is in a very fluid time and priorities may change based on business, finances, and of course the general interest and enthusiasm for AI. It is always worth noting that AI as a technical concept is mature, and appears to be cyclical, with interest in the technical community rising and falling in hype and interest once every decade or so. I remember working on AI applications, at the time labeled as expert systems in the 1980s. If we are currently at a high hype point, this may be temporary, based on near term success and disappointment in what AI does achieve. Of course, as always, “this time is different” and the building blocks of effective AI systems currently exist, where for previous iterations, it was more speculative.
NASDAQ:INTC
by moonypto
4
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel . -------- Explanation of my video analysis: On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
1
Intel Stock: Quantum Leap in Technology, Potential Takeoff for IThesis: Intel's recent breakthrough in silicon spin qubits has the potential to revolutionize quantum computing. This advancement could lead to high-volume production of miniaturized quantum processors and interconnected processor networks, significantly boosting Intel's stock price. Key Points: * Intel achieved **99.9% gate fidelity** in silicon-based quantum processors, a significant milestone for scalable and fault-tolerant quantum computers. * This breakthrough leverages Intel's expertise in CMOS manufacturing, enabling **mass production** of quantum processors on a single chip. * Intel envisions a network of interconnected processors, creating a stable and powerful quantum computing platform. * Democratization of quantum computing on silicon could benefit the entire industry and unlock new possibilities. Investment Recommendation: * **Long INTC** with entry at $32.80. * Price targets range from $34.61 to $70, with potential for significant upside. * Stop-loss recommendation at $24.63 for risk management. Why This Matters to Traders: * Intel's leadership in quantum computing positions them for major growth in a rapidly developing field. * The potential applications of quantum computing are vast, impacting various industries and sectors. * Early investment in Intel could provide substantial returns as quantum computing matures.
NASDAQ:INTCLong
by signalmastermind
WSJ Reports Intel Set for $11 Billion Deal With ApolloIntel ( NASDAQ:INTC ) is in advanced talks for a $11 billion deal with Apollo Global Management to build a facility in Ireland. The move comes as Intel ( NASDAQ:INTC ) plans to expand its presence across the United States with a $100-billion spending spree across four states to boost its manufacturing business and catch up with chipmaking rival TSMC. Intel and Apollo are in exclusive talks for the deal, which could be signed in the coming weeks. Other investment firms including KKR and infrastructure investor Stonepeak were also in the running before Apollo recently pulled ahead. Intel forecasted second-quarter revenue and profit below market estimates last month due to weak demand for its traditional data center and personal computing chips. The company announced plans in 2022 to build chip factories in Ireland and France to benefit from easier European Commission funding rules and subsidies. Technical Outlook Intel Corp ( NASDAQ:INTC ) stock is up 3.58% trading below the 200, 100, and 50-day Moving Averages (MA) respectively. Despite the recent development, Intel Corp stock ( NASDAQ:INTC ) has a weak Relative Strength Index (RSI) of 32.62, poised for further growth.
NASDAQ:INTCLong
by DEXWireNews
Intel stock Dips as US Slaps Restrictions on Chip Sale to ChinaIntel Corp ( NASDAQ:INTC ) has revised its current-quarter revenue guidance after the US Department of Commerce revoked certain licenses for exporting certain items to a Chinese company. The move comes amid U.S. alarm at Huawei's ability to develop advanced chips, as demonstrated in the Mate 60 Pro smartphone released in August, despite sweeping export controls introduced in 2022. The revoked licenses are the latest tit-for-tat between Washington and Beijing over the sale of advanced semiconductors to China by U.S. firms. The Biden Administration has been putting limits on the sale of such chips, citing national security concerns, while last month, China reportedly told its telecom companies to phase out the use of foreign semiconductors. Intel ( NASDAQ:INTC ) did not disclose who the Chinese company was, but the Financial Times reported that the Biden administration had revoked export licenses that allowed both the U.S. firm and domestic rival Qualcomm (QCOM) to supply chips to Chinese telecom-equipment maker Huawei. The move affects the supply of chips for Huawei’s laptop computers and mobile phones. The move comes amid U.S. alarm at Huawei’s ability to develop advanced chips, as shown in the Mate 60 Pro smartphone released in August, despite sweeping export controls introduced in 2022. The revoked licenses are the latest tit-for-tat between Washington and Beijing over the sale of advanced semiconductors to China by U.S. firms. The Biden Administration has been putting limits on the sale of such chips, citing national security concerns, while last month, China reportedly told its telecom companies to phase out the use of foreign semiconductors. Intel shares were down 2.9% at $29.80 on Wednesday afternoon after the company said it expects revenue for the second quarter to remain in the range of $12.5 billion to $13.5 billion, but below the midpoint. Intel ( NASDAQ:INTC ) shares have lost nearly 38% so far this year.
NASDAQ:INTCShort
by DEXWireNews
3
INTC week chart - completes retracementINTC saw a decade long uptrend until competition from AMD and NVDA likes hit the Co. After forming a double top at 69+ it retraced at fibo .786 to a local low area of 24-25 where the stock consolidated and shaped a double bottom. It bounced off to fibo 0.618 level in 51-52 area and it's sliding again to 0.618 level of the last upward wave. Would consider a 34.8 as entry point with a 32 stop, it should be wave CD in abcd pattern, assuming fading momentum, other headwinds, CD won't last more than 1.272 of BC, hence 55.7 is a mid term target
NASDAQ:INTC
by mike_volk
1
Intel Plummets 13% in Almost Four Years After Tepid ForecastIntel Corp., ( NASDAQ:INTC ) the biggest maker of personal computer processors, Plummeted by over 13% the most in almost four years on Friday Market trading after giving a weak forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. The Sales in the second quarter will be about $13 billion, the company said in a statement Thursday. That is an average analyst estimate of $13.6 billion. Chief Executive Officer Pat Gelsinger signals a push to regenerate Intel ( NASDAQ:INTC ) back to its feets. Once the world’s dominant chipmaker, the company is lagging behind rivals such as Nvidia Corp. and Taiwan Semiconductor Manufacturing Co. in revenue and technological know-how. Business has been slower than for Intel Corp ( NASDAQ:INTC ) Chief Financial Officer Dave Zinsner said he expected an improvement later this year. Intel ( NASDAQ:INTC ) also wasn’t able to meet all the demand for processors used in new AI-enabled PCs because its packaging facilities weren’t able to produce enough components. Intel ( NASDAQ:INTC ) shares fell as much as 13% in New York to $30.64, the biggest intraday decline since July 2020. The stock had already declined 30% this year through the close on Thursday, making it the second-worst performer on the Philadelphia Stock Exchange Semiconductor Index. In the First quarter, the California-based company had a profit of 18 cents a share, excluding certain items, and revenue of $12.7 billion. Analysts had estimated a profit of 13 cents a share and sales of $12.7 billion. The chipmaker is reporting earnings for the first time under a new business structure that shows the financial performance of its manufacturing operations. Gelsinger has said the approach is a necessary step to make operations more efficient and competitive. Intel ( NASDAQ:INTC ) also has been building up a foundry business, which manufactures components for outside companies on a contract basis. This month, the company gave investors the first look at the financial state of its factory network. Spending on new plants has caused losses to widen, and Intel ( NASDAQ:INTC ) doesn’t expect the business to reach a break-even point for several years. Intel Foundry, the new division responsible for manufacturing, had sales of $18.9 billion in 2023, down from $27.5 billion the previous year. The unit had revenue of $4.4 billion in the first quarter of 2024. The foundry business had an operating loss of about $2.5 billion in the first quarter, wider than the losses posted in the preceding quarter and the one a year earlier. The company’s PC-related chip sales were $7.5 billion, compared with an average estimate of $7.4 billion. Its data center and AI division had revenue of $3 billion, in line with Wall Street projections. Networking chips provided nearly $1.4 billion of sales, beating an average estimate of $1.3 billion. Gross margin — or the percentage of sales remaining after deducting the cost of production — was 45.1% in the quarter. That closely watched measure, which reflects the efficiency of Intel’s manufacturing operations, will be 43.5% in the current period. Historically Intel has posted margins of more than 60%. Intel ( NASDAQ:INTC ) remains optimistic about the second half of the year because it’s rolling out a new version of the Gaudi chip — its answer to the red-hot AI accelerators sold by Nvidia. That product line will bring in about $500 million in sales this year, once the latest version goes on sale, Intel projected. Zinsner said "Intel Corp ( NASDAQ:INTC ) is also making progress at reining in costs and expects the manufacturing business to break even in the “next couple of years,”. Gelsinger said the company has signed up another customer for a production technology called 18A, which Intel ( NASDAQ:INTC ) will introduce in 2025. That brings the total to six. The customer, which Intel didn’t identify, is in the aerospace-defense industry and wants production located in the US, Gelsinger said. Technical Outlook Intel Corp ( NASDAQ:INTC ) stock was down by 11% on Friday market trading below the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 23 indicating an oversold condition for the ticker.
NASDAQ:INTCShort
by DEXWireNews
Intel's Gaudi 3 AI Chip Unveiled: A Race Against NvidiaIntel ( NASDAQ:INTC ) has raised the stakes in the competitive arena of artificial intelligence (AI) chips by unveiling its latest innovation, the Gaudi 3. As chipmakers intensify their efforts to produce semiconductors capable of training and deploying complex AI models, Intel's Gaudi 3 emerges as a formidable contender, poised to challenge Nvidia's dominance in the AI chip market. With promises of superior performance and energy efficiency, Intel aims to carve out a significant share in this rapidly evolving landscape, signaling a new chapter in the battle for AI supremacy. Gaudi 3: A Leap Forward in AI Chip Technology: Intel's Gaudi 3 chip represents a significant advancement in AI chip technology, boasting impressive power efficiency and enhanced performance capabilities. With claims of being over twice as power-efficient and one-and-a-half times faster than Nvidia's H100 GPU, the Gaudi 3 sets a new benchmark for AI processing efficiency. Designed to cater to a range of AI applications, from deployment training, the Gaudi 3 showcases Intel's commitment to innovation and technological excellence. Rivalry with Nvidia: The unveiling of the Gaudi 3 signals Intel's intent to challenge Nvidia's dominant position in the AI chip market. With Nvidia currently holding an estimated 80% market share, Intel's entry poses a significant threat to Nvidia's supremacy. Intel's competitive pricing strategy, coupled with its distinctive features such as the integrated network on chip, positions the Gaudi 3 as a compelling alternative to Nvidia's offerings. Expanding Market Opportunities: As the demand for AI chips continues to surge, fueled by the growth of cloud computing and AI-driven applications, Intel sees significant expansion opportunities. In particular, the data center AI market is expected to witness robust growth as cloud providers and businesses invest in AI infrastructure. With the Gaudi 3 poised to address the evolving needs of AI builders and developers, Intel aims to capitalize on these market trends and capture a larger share of the AI chip market. Collaborative Ecosystem and Open Software Approach: In its pursuit of market leadership, Intel is adopting a collaborative approach, partnering with industry giants such as Google, Qualcomm, and Arm to develop open software solutions for AI. By fostering an open ecosystem and providing software flexibility, Intel aims to empower customers with the freedom to choose their preferred chip providers, challenging Nvidia's proprietary software suite. Conclusion: Intel's unveiling of the Gaudi 3 AI chip marks a significant milestone in the company's quest to challenge Nvidia's dominance in the AI chip market. With promises of superior performance, energy efficiency, and competitive pricing, the Gaudi 3 emerges as a potent contender in the race for AI supremacy. As Intel continues to innovate and expand its presence in the AI ecosystem, the competition between chipmakers intensifies, promising exciting developments and advancements in the field of artificial intelligence. Note: Intel's Gaudi 3 chip is expected to be available to customers in the third quarter, heralding a new era of AI processing capabilities.
NASDAQ:INTCLong
by DEXWireNews
INTC Swing Long Conservative Trend Trade Conservative Trend Trade + long impulse + expanding T2 level + support level + unvolumed 2Sp + volumed test + below first bullish bar closed level entry Calculated affordable virtual stop loss 1 to 2 R/R take profit Daily Context "+ long impulse + SOS level + support level + unvolumed Sp" Monthly Context "+ long impulse + SOS level + support level + 1/2 correction" Give me a way better price at afterhours. I just need my 2 R and I'm out!
NASDAQ:INTCLong
by MishaSuvorov
Intel's Foundry Stumbles: Can the Chip Giant Catch UpIn the high-stakes world of semiconductor manufacturing, Intel ( NASDAQ:INTC ) finds itself in a race against time to reclaim its dominance. However, recent revelations about the company's foundry business underscore the uphill battle it faces in catching up with its arch-rival, Taiwan Semiconductor Manufacturing Co. (TSMC). The latest blow came with Intel's admission of ballooning losses at its contract chip-making business, sending its shares tumbling by 5% before the bell on Wednesday. The numbers paint a grim picture: operating losses of $7 billion in 2023, a significant increase from $5.2 billion the previous year. This signals a widening chasm between Intel and TSMC, casting doubt on Intel's ability to bridge the profitability gap anytime soon. Analysts, such as Stacy Rasgon from Bernstein, have expressed skepticism, suggesting that Intel could be facing several years of substantial headwinds. Despite Intel's aggressive capital investments – totaling $43.4 billion in "construction in progress" as of December 2023 – and plans to spend $100 billion on plants across the United States, doubts linger over whether these efforts will yield the desired results. CEO Pat Gelsinger's reassurances about the foundry business's future profitability haven't assuaged concerns. Gelsinger predicts that operating losses will peak in 2024 before breaking even by around 2027, but with TSMC boasting a 53% gross margin compared to Intel's projected 40% by 2030, the gap remains substantial. The contrast between the two giants becomes starker when examining revenue figures. TSMC's revenue in the final quarter of 2023 stood at a staggering $19.52 billion, dwarfing Intel's foundry unit's sales of $18.9 billion for the entire year. This vast difference underscores the magnitude of the challenge facing Intel. One of the key factors behind Intel's struggles has been its past missteps. Gelsinger admits that decisions such as forgoing the use of extreme ultraviolet (EUV) machines from ASML have hindered the company's progress. Intel's belated switch to EUV tools reflects a recognition of the need to embrace cutting-edge technology to remain competitive. As Intel grapples with these challenges, questions arise about its ability to execute its ambitious plans and regain its position as a dominant force in chip manufacturing. The company's fortunes are intertwined with the success of its foundry business, and failure to close the gap with TSMC could have far-reaching consequences. In the fiercely competitive semiconductor landscape, where innovation and efficiency reign supreme, Intel finds itself at a critical juncture. The road ahead is fraught with challenges, but whether Intel can rise to the occasion and reclaim its former glory remains to be seen. As the industry watches with bated breath, the battle for semiconductor supremacy continues unabated.
NASDAQ:INTC
by DEXWireNews
2