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INTEL CORPINTEL CORPINTEL CORP

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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
Trend continuation on IntelInnovation and Market Leadership: Intel's ongoing investment in cutting-edge technologies such as neuromorphic computing and AI could secure its market leadership and open new revenue streams. Strategic Partnerships and Expansions: The construction of new fabrication facilities with a focus on advanced chip manufacturing could enhance Intel's competitive edge, particularly in the U.S. where it benefits from government subsidies under the CHIPS Act. Recovery in Demand: An upturn in the semiconductor market, driven by renewed demand in sectors like data centers and AI, could lead to better financial performance. Cost-Cutting Measures: Intel's aggressive cost-reduction strategies are aimed at improving profitability, which could be well-received by investors if successfully executed.
NASDAQ:INTCLong
by Cidoguy
Intel Corporation (INTC) Technical Analysis ReportIntel Corporation's (NASDAQ: INTC) chart presents a bearish scenario as depicted in the daily time frame. The stock closed at $34.20, marking a decline of 2.40% from the previous session. The market's sentiment towards INTC seems to be dominated by sellers, which is further reinforced by several technical indicators and chart patterns. Price Action & Volume: The recent price action is captured within a downtrend, characterized by consecutive red candlesticks indicating a strong selling pressure. The increased volume on down days, compared to the volume on up days, corroborates the bearish momentum. Fibonacci Retracement: The Fibonacci retracement levels, drawn from the swing high at approximately $45.41 to the swing low around $40.57, reveal that the price has breached the critical support levels at 0.618 ($42.96) and has even passed below the 0.786 ($41.61) retracement level. The break below these levels suggests a lack of bullish momentum and could lead to a potential test of the next Fibonacci extension level at 1.618 ($37.58). Ichimoku Cloud: The Ichimoku Cloud, consisting of the Senkou Span A and B, is clearly bearish with the price trading below the cloud. The cloud's future projection also suggests a continued bearish outlook. Moving Averages: A death cross, indicated by the 50-day moving average crossing below the 200-day moving average, hints at a potential long-term bearish trend for INTC. MACD & RSI: The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line (blue) crossing below the signal line (orange). The histogram remains in the negative territory, further validating the bearish momentum. The Relative Strength Index (RSI) is hovering close to the oversold boundary but remains above 30, indicating that there might be some room left for further downward movement before any potential reversal due to oversold conditions. On-Balance Volume (OBV): The On-Balance Volume (OBV) line has been on a decline, which typically signifies that volume on down days is outpacing volume on up days, indicating that sellers are in control. Speculative Price Targets: Bearish Scenario: If selling pressure continues, we may see the price target the 1.618 Fibonacci extension level at $37.58. A breach below this level could pave the way for a further decline towards the 2.618 extension at $32.74. Bullish Scenario: For a reversal to be considered, INTC would need to reclaim the 0.786 Fibonacci level at $41.61 and sustain above it. An optimistic target would be a retest of the 0.382 level at $43.57, although this would require a significant shift in market sentiment. Conclusion: In conclusion, Intel Corporation’s stock presents a bearish technical setup. Traders should keep an eye on the aforementioned technical levels for potential entry or exit points. Given that the next earnings report is due in six days, investors should be prepared for increased volatility. It is recommended to set tight stop losses to mitigate risks due to potential market swings influenced by forthcoming corporate earnings or macroeconomic events. As always, conduct thorough due diligence and consider multiple scenarios when formulating a trading strategy.
NASDAQ:INTC
by AxiomEx
INTC Analysis: Potential Rebound from Support towards ResistanceTicker: INTC (Intel Corporation) Current Price: $36.49 Support and Resistance Zones: INTC is currently showing signs of bouncing off a crucial support zone, delineated by a purple rectangle spanning from $35.50 to $37. This area has historically attracted buying interest and is pivotal for the stock's current movement. Looking ahead, we have identified a resistance zone marked by another purple rectangle, ranging from $41.50 to $42. If the bullish momentum continues, this zone could be the next target for potential price movement. Technical Indicators: - RSI (Grey Line): The RSI stands at approximately 32.23, suggesting a slightly oversold condition. This indicates a potential for upward movement as buying interest may increase. - ADX (White Line): The ADX is at 27.39, indicating moderate strength in the current trend. A rising ADX could signify increasing momentum in the stock's movement. Analysis and Strategy: INTC started the day at $36.02 and is currently showing resilience around the support zone. The convergence of the RSI near oversold levels and the ADX showing moderate trend strength implies a potential rebound scenario. Traders may consider monitoring price action around the support zone for confirmation of a bounce. If the price shows strength and breaks above the resistance zone at $37, it could signal a bullish continuation towards the $41.50 to $42 range. Conclusion: INTC's current technical setup suggests a possible rebound from the support zone towards resistance levels. Traders should remain vigilant for confirmation signals and adjust their strategies accordingly to capitalize on potential price movements within these key zones.
NASDAQ:INTC
by maybethatguy
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
RiskMastery's Red Flag Stocks - INTEL EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at NASDAQ:INTC ... I believe this code is at a point of potential volatility. If price can hold below $38.71 ... Bearish potential may be unlocked. My key downside targets include: - $35.15 (Conservative) - $30.25 (Medium) - $26.21 (Aggressive) If however price breaks above $42.94 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NASDAQ:INTCShort
by Bullfinder-ai