Latest news with #IntelCorporation
Yahoo
3 days ago
- Business
- Yahoo
Intel Corporation to Participate in Upcoming Investor Conference
SANTA CLARA, Calif., May 28, 2025--(BUSINESS WIRE)--Intel Corporation today announced that Michelle Johnston Holthaus, CEO of Intel Products, will participate in a fireside chat on Intel's business and product strategy at the BofA Global Technology Conference on June 3 at 2:40 p.m. PDT. A live webcast and replay can be accessed publicly on Intel's Investor Relations website at Intel's participation, speakers and schedule are subject to change. About Intel Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel's innovations, go to and © Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others. View source version on Contacts Sophie MetzgerMedia Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
Intel Corporation to Participate in Upcoming Investor Conference
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced that Michelle Johnston Holthaus, CEO of Intel Products, will participate in a fireside chat on Intel's business and product strategy at the BofA Global Technology Conference on June 3 at 2:40 p.m. PDT. A live webcast and replay can be accessed publicly on Intel's Investor Relations website at Intel's participation, speakers and schedule are subject to change. About Intel Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel's innovations, go to and © Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.
Yahoo
22-05-2025
- Business
- Yahoo
Intel Touts New Divestments to Focus on PC, Data Center Chips
On May 20, Reuters reported, citing people familiar with the matter, that Intel Corporation's (NASDAQ:INTC) plans to divest its network and edge (NEX) business as it looks to concentrate on areas it has always thrived in. The embattled semiconductor giant's long-term prospects lay in PC and data center chips, according to new CEO Lip-Bu Tan. A scientist at a computer station, surrounded by a neural network of artificial intelligence code. The restructuring drive does not come as a surprise, as Intel controls about 68% of the PC chip market. In addition, the company controls about 55% of the market share in data centers, which provide significant growth opportunities amid the artificial intelligence boom. CEO Lip-Bu Tan does not believe the NEX unit, which makes chips for the telecom equipment market, will help the company's core strategy. In addition, he wants to exit the segment to stay clear of a market dominated by companies like Broadcom. Divestments have emerged as Intel's key strategy, as it aims to enhance focus on the core business. It has already shed a majority stake in its Altera Unit to Silver Lake and, in the process, generated $4.46 billion that it can use to revitalize growth in the PC and data center business units. Renewed focus on the core business has helped strengthen the stock sentiments, with a 5% year-to-date gain. Bank of America analyst Vivek Arya has already reiterated a Hold rating on the stock with a $23 price target. While we acknowledge the potential of Intel Corporation (NASDAQ:INTC) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTC and that has 100x upside potential, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Intel (INTC) Gets $23 Target from Deutsche Bank, Patience Urged for Investors
We recently published a list of . In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other AI stocks on analysts' radar. The recently imposed US sanctions on chip use have angered China. In recent news, the country has stated that it may take legal action against any individual or organization who are found assisting or implementing U.S. measures that advise companies against using their advanced semiconductors. According to the U.S. published guidance, companies risk violating export controls if found using Ascend AI chips from Shenzhen-based Huawei. In response, China's commerce ministry said there could be 'corresponding legal liabilities' against those involved in implementing U.S. measures and that it constitutes 'discriminatory restrictive measures' against Chinese firms. READ ALSO: and . The sanctions are seemingly a new strategy adopted by the US to curb China's progress in the AI arms race. The world is yet to watch the success of this strategy as opposed to the AI diffusion rule imposed earlier, which the world came to know had failed miserably after the arrival of DeepSeek. Even Jensen Huang has deemed the AI diffusion rule to be a failure. 'All in all, the export control was a failure. The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, has been proven to be fundamentally flawed.' In fact, the sales block advanced AI chips to China, forcing companies to buy semiconductors from Chinese designers. It also pushed the country to invest aggressively in a robust supply chain that doesn't rely on manufacturers outside the country. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A technician soldering components for a semiconductor Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. On May 20, Deutsche Bank analyst Ross Seymore resumed coverage on the stock with a 'Hold' rating and a price target of $23. The firm noted that patience is still required from investors, warning that the company's turnover may take some time. This is because there have been quite a few challenges Intel is facing, including ongoing macroeconomic uncertainty and challenges such as high manufacturing costs and lagging leading-edge products. Seymore believes that these issues are expected to keep pressuring both revenue and profitability in the near term. The analyst did acknowledge Lip-Bu Tan's entry as CEO, stating that it brings strong tech experience and a customer-focused strategy. Nevertheless, especially in Intel's foundry business is still likely to be a long and difficult process Seymore further added how fixing the product roadmap and regaining competitiveness in chip manufacturing could lead to a substantial financial upside. All in all, the bank is awaiting further information on the new CEO's strategic plans or signs of progress before it reconsiders its position. Overall, INTC ranks 7th on our list of AI stocks on analysts' radar. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Intel Touts New Divestments to Focus on PC, Data Center Chips
On May 20, Reuters reported, citing people familiar with the matter, that Intel Corporation's (NASDAQ:INTC) plans to divest its network and edge (NEX) business as it looks to concentrate on areas it has always thrived in. The embattled semiconductor giant's long-term prospects lay in PC and data center chips, according to new CEO Lip-Bu Tan. A scientist at a computer station, surrounded by a neural network of artificial intelligence code. The restructuring drive does not come as a surprise, as Intel controls about 68% of the PC chip market. In addition, the company controls about 55% of the market share in data centers, which provide significant growth opportunities amid the artificial intelligence boom. CEO Lip-Bu Tan does not believe the NEX unit, which makes chips for the telecom equipment market, will help the company's core strategy. In addition, he wants to exit the segment to stay clear of a market dominated by companies like Broadcom. Divestments have emerged as Intel's key strategy, as it aims to enhance focus on the core business. It has already shed a majority stake in its Altera Unit to Silver Lake and, in the process, generated $4.46 billion that it can use to revitalize growth in the PC and data center business units. Renewed focus on the core business has helped strengthen the stock sentiments, with a 5% year-to-date gain. Bank of America analyst Vivek Arya has already reiterated a Hold rating on the stock with a $23 price target. While we acknowledge the potential of Intel Corporation (NASDAQ:INTC) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTC and that has 100x upside potential, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
