Intel

By Eric J. Savitz Intel and other PC players are planning a big push in 2024 for AI-capable PCs. Intel, Qualcomm and Advanced Micro Devices all plan to roll out new chips that include neural networking features that can handle artificial intelligence applications. HP, Dell, Lenovo and other PC makers are likewise getting ready to roll out their first AI personal computers. All of those companies will be talking about AI at this year’s CES trade show, taking place this week in Las Vegas. But the applications of AI go well beyond the PC. Ergo, Intel on Tuesday unveiled plans to bring the AI PC to the car. The chip maker announced its first-generation system on a chip, or SOC, for what the auto industry calls “software defined vehicles,” using the same chips it recently launched for AI PCs. Intel also announced its first customer for the new SOC — […]

Intel to Report Fourth-Quarter and Full-Year 2023 Financial Results SANTA CLARA, Calif.–(BUSINESS WIRE)– Intel Corporation today announced that it will report fourth-quarter and full-year 2023 financial results on Thursday, Jan. 25, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PST that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel’s Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. 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

Intel (NASDAQ:INTC) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/02/2024 -5.94% Stifel $38 → $45 Maintains Hold 12/15/2023 4.52% B of A Securities $32 → $50 Upgrades Underperform → Neutral 12/12/2023 0.33% Raymond James $42 → $48 Maintains Outperform 12/05/2023 8.7% Benchmark $42 → $52 Maintains Buy 11/16/2023 4.52% Mizuho $37 → $50 Upgrades Neutral → Buy 10/27/2023 -18.48% Morgan Stanley $35 → $39 Maintains Equal-Weight 10/27/2023 -64.46% Rosenblatt → $17 Reiterates Sell → Sell 10/27/2023 -16.39% Needham → $40 Reiterates Buy → Buy 10/27/2023 -31.02% HSBC $27 → $33 Upgrades Reduce → Hold 10/25/2023 -16.39% Raymond James $42 → $40 Maintains Outperform 10/19/2023 -20.57% Susquehanna $37 → $38 Maintains Neutral 10/05/2023 -16.39% Needham → $40 Reiterates Buy → Buy 10/04/2023 17.06% Northland Capital Markets $45 → $56 Maintains Outperform 10/04/2023 -26.84% Roth MKM → $35 Reiterates Neutral → Neutral 10/04/2023

Stifel analyst Ruben Roy maintains Intel (NASDAQ:INTC) with a Hold and raises the price target from $38 to $45.

BofA says Intel’s plans to break out design and manufacturing financials could help investors better value the respective businesses Intel Corp.’s bear camp got a little smaller Friday as a BofA Securities analyst ended his negative call on the stock. BofA’s Vivek Arya still has concerns about Intel (INTC), including that there’s limited upside in the PC market and that the company is shedding server market share to Advanced Micro Devices Inc. (AMD) and ARM Holdings PLC (ARM). But he’s feeling more encouraged about other areas of the business, including its Mobileye autonomous-driving unit and its foundry plans. See also: Intel announces new PC, server chips designed for AI uses What’s more, Arya thinks that Intel is undervalued on a sum-of-the-parts basis. That could change as the company moves to separate its design and manufacturing financials early next year. “This should help compare each business unit to its respective [comparables],”

Intel (NASDAQ:INTC) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 8.74% B of A Securities $32 → $50 Upgrades Underperform → Neutral 12/12/2023 4.39% Raymond James $42 → $48 Maintains Outperform 12/05/2023 13.09% Benchmark $42 → $52 Maintains Buy 11/16/2023 8.74% Mizuho $37 → $50 Upgrades Neutral → Buy 10/27/2023 -15.18% Morgan Stanley $35 → $39 Maintains Equal-Weight 10/27/2023 -63.03% Rosenblatt → $17 Reiterates Sell → Sell 10/27/2023 -13.01% Needham → $40 Reiterates Buy → Buy 10/27/2023 -28.23% HSBC $27 → $33 Upgrades Reduce → Hold 10/25/2023 -13.01% Raymond James $42 → $40 Maintains Outperform 10/19/2023 -17.36% Susquehanna $37 → $38 Maintains Neutral 10/05/2023 -13.01% Needham → $40 Reiterates Buy → Buy 10/04/2023 21.79% Northland Capital Markets $45 → $56 Maintains Outperform 10/04/2023 -23.88% Roth MKM → $35 Reiterates Neutral → Neutral 10/04/2023 -63.03% Rosenblatt → $17 Reiterates Sell → Sell 09/22/2023

B of A Securities analyst Vivek Arya upgrades Intel (NASDAQ:INTC) from Underperform to Neutral and raises the price target from $32 to $50.

Intel (NASDAQ:INTC) is going all-in on boosting artificial-intelligence performance across its computer processor lineup. On Thursday, the semiconductor company launched a new lineup of laptop processors named “Core Ultra,” which are designed to enhance AI-related features in PC software applications. “The launch of Intel Core Ultra represents the unmatched scale and speed at which Intel is enabling AI on the PC,” Michelle Johnston Holthaus , Intel’s general manager of Client Computing Group said in a news release. “Intel is best-positioned to deliver this next generation of computing.” The executive predicts AI PCs, which have capabilities to accelerate AI workloads, will account for 80% of the PC market over the next four years. The chip maker also said more than 100 software vendors have optimized their applications with AI-related features that take advantage of Core Ultra. Starting Thursday, computers with the Core Ultra chips are available worldwide from leading PC makers,

Intel Soon To Launch AI PC Processors; Intel’s Meteor Lake ‘Core Ultra’ CPUs, The First AI PC Processing Platform, Are Set To Be Released On December 14, With Related Supply Chains Anticipating A New Rise In Demand For PC Replacements

Intel (INTC) reported Q3 non-GAAP earnings late Thursday of $0.41 per diluted share, up from $0.37 a year earlier. Analysts polled by Capital IQ expected $0.22. Revenue for the quarter was $14.16 billion, down from $15.34 billion a year earlier. Analysts surveyed by Capital IQ expected $13.6 billion. The company said it expects Q4 non-GAAP diluted EPS of $0.44 and revenue between $14.6 billion and $15.6 billion. Analysts polled by Capital IQ expect $0.32 and $14.35 billion.

Intel Sees Q4 Adj. EPS $0.44 Vs $0.30 Est., Revenue $14.6B-$15.6B Vs $13.53B Est.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: According to a Reuters report, NVIDIA intends to begin designing CPUs for PCs on ARM-based architecture as early as CY 2025 (AMD also plans to do the same). We would note the market is currently dominated by INTC and AMD’s x86 chips while QUALCOMM has been developing ARM-based CPUs for years now. Windows-based PCs have lost considerable share in recent years and Microsoft could be luring others to get into the market (exclusive QUALCOMM ARM-based contract expires in 2025) developing CPUs to reduce its high emphasis on INTC. We believe that INTC is clearly poised to be the biggest loser (best case scenario is no share loss) as the PC space adds more CPU competitors into the market, with INTC generating about half its revenue from the