Intel Stock (NASDAQ:INTC) Slips as AMD Steps Up at Computex
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And Intel will have its work cut out for it, as it takes on such items as the Asus Expert P Series Copilot+ PC lineup, the fruit of a partnership effort between AMD and Asus. Packing a Ryzen AI Pro 300 series processor, these new PCs will reportedly open up new possibilities in AI acceleration for enterprise users. They measure their operations in TOPS, or Trillions of Operations Per Second, and the new PCs can average 50 of those TOPS.
AMD also brought out its new graphics cards, the Radeon RX 9060 XT, which is geared more to the gaming market. Workstations got a boost from the Threadripper processors and the other Radeon graphics cards. All of this will pose a serious threat to Intel as it works to keep, and win back, market share that it has either previously lost or may be in danger of losing.
A New Partnership
Meanwhile, Intel is also forging some new partnerships, and trying to bolster its artificial intelligence (AI) chops. Working together with the IndiaAI Mission, which is part of the Ministry of Electronics and Information Technology (MeitY). The new partnership effort will offer 'crucial mentorship and technological resources to early-stage AI ventures.'
Those wondering how Intel will offer up resources for anything when it is firing at a staggering pace and husbanding its capital should remember that Intel was also looking at doing some hiring, just in very specific sectors. And with Intel working to expand AI literacy, access to multilingual platforms, and bringing AI to public services, that may prove helpful in not only finding some of those new employees of the future, but also in selling the necessary chips and infrastructure to make it all happen.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 26 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 32.3% loss in its share price over the past year, the average INTC price target of $21.29 per share implies 2.21% upside potential.
See more INTC analyst ratings
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