Intel (INTC) launches Sapphire Rapids chips

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Go back to Intel (INTC) launches Sapphire Rapids chips

Intel (INTC) Sapphire Rapids launch good, but 'insufficient to reverse share shifts' says analyst

January 11, 2023 11:38 AM EST

On Tuesday, Intel (NASDAQ: INTC) held its official launch event for its highly anticipated and much delayed 4th gen Xeon Scalable processors, also known as Sapphire Rapids.

The company revealed various vital updates, and while analysts at BofA, Wells Fargo, and Stifel were positive in their notes reacting to the launch, they also provided a somewhat underwhelmed tone.

Wells Fargo analyst... More

Citi Cautious on Intel (INTC): 'we expect the PC downturn to negatively impact both and our estimates remain below Consensus'

January 10, 2023 4:06 PM EST

Citi analyst Christopher Danely reiterated a Neutral rating and $27.00 price target on Intel (NASDAQ: INTC).

The analyst comments "December notebook shipments were up 1% MoM, 5% below Citis expectation due to continued inventory digestion and demand deterioration. Overall 4Q22 shipments were down 16% QoQ, 2%... More