RBC Capital Weighs In On Intel (INTC) Ahead of Thursday's Analyst Day

RBC Capital analyst, Amit Daryanani, provided an analyst day preview on Intel (NASDAQ: INTC). He believes investors are worried about CapEx spending topping $10B but it is already in the stock and product/program updates could improve investor sentiment. No change to model, Sector Perform rating or $34 PT.

Things to watch:

1) FY16 guide that we suspect brackets expectations

2) Capex: We foresee a material uptick ($9B+) fear is $10B+

3) Mobile: Update on further cost reductions ($3.2B losses in FY15E)

4) Memory – clarity around Dailian fab, JV with MU/3D NAND aspirations

5) Moore’s law: drivers behind 10nm delay (competitive vs. technology) and roadmap to 7nm.

Intel's analyst day is 11/19/2015 at 8:00AM PT (11:00AM ET).

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $32.10 yesterday.

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