Rapt Therapeutics initiated with a Buy at Clear Street
Clear Street initiated coverage of Rapt Therapeutics (RAPT) with a Buy rating and $3 price target
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Why Intel's (INTC) Comeback Might Happen Sooner Than Expected
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Since taking the helm as CEO in March 2025, Tan has wasted no time launching a significant restructuring to slash layers of middle management that have long bogged down Intel's innovation and decision-making. The plan calls for reducing the workforce by about 20%—a tough but necessary move to streamline the organization and accelerate its agility. This isn't just about trimming costs; it's about making Intel leaner and faster. The company aims to reduce operating expenses to around $17 billion by FY 2025. While layoffs are never easy, Intel has grown bloated compared to rivals and now faces an intensely competitive market where survival—and success—demand swift action. As things stand, Intel lags behind its sector peers on several key metrics. I'm confident that a leaner Intel will be sharper, faster, and better positioned to innovate boldly and prove its strength to the competition. However, Tan must handle the workforce cuts with care, focusing on retaining key talent and maintaining morale through a strong, principled leadership approach. Arguably, Tan's boldest move is his unwavering commitment to Intel's advanced manufacturing, especially the cutting-edge 18A node (1.8nm) technology. Set to power Intel's Panther Lake CPUs by late 2025, this breakthrough could dramatically boost energy efficiency and performance, potentially allowing Intel to finally compete toe-to-toe with giants like TSMC (TSM) and Samsung (SSNLF). On the foundry front, Intel Foundry Services (IFS) is gaining serious momentum. High-profile deals—most notably with Microsoft (MSFT)—to utilize Intel's 18A process could transform Intel into a fierce contender in the foundry market. Securing a few more marquee contracts from the likes of Nvidia (NVDA) or Apple (AAPL) would be a game-changer, sparking a significant surge in investor confidence and substantially lifting Intel's valuation. 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Yahoo
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Archer Aviation Stock (ACHR) Soars on Strong Q1 and Upcoming UAE Launch
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Business Insider
9 hours ago
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Barclays Keeps Their Sell Rating on Wizz Air Holdings (WIZZ)
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