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

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

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

Intel (INTC) launches Sapphire Rapids chips

Intel (NASDAQ: INTC) marked one of the most important product launches in company history with the unveiling of 4th Gen Intel® Xeon® Scalable processors (code-named Sapphire Rapids), the Intel® Xeon® CPU Max Series (code-named Sapphire Rapids HBM) and the Intel® Data Center GPU Max Series (code-named Ponte Vecchio), delivering for its customers a leap in data center performance, efficiency, security and new capabilities for AI, the cloud, the network and edge, and the worlds most powerful supercomputers.

Working alongside its customers and partners with 4th Gen Xeon, Intel is delivering differentiated... More

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.34%

Investing.com U.S. stocks were mixed after the close on Monday, as gains in the Technology, Basic Materials and Utilities sectors led shares higher while losses in the Healthcare, Telecoms and Oil&Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.34%, while the S&P 500 index declined 0.08%, and the NASDAQ Composite index climbed 0.63%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE: CRM), which rose 4.68% or 6.58 points to trade at 147.09 at the close. Meanwhile, Intel Corporation... More