Intel (INTC) Outlines Financial Framework for Foundry Business

Stifel Shares Preference for Nvidia (NVDA) and AMD (AMD) over Intel (INTC) in the 'nearer-term' as AI Beneficiaries

Stifel analyst Ruben Roy reiterated a Hold rating and $45.00 price target on Intel (NASDAQ: INTC).

The analyst comments "INTC outlined its new financial reporting structure based on the companys previously announced plans to move from an allocated cost model to a new foundry... More

Wolfe Research on Intel (INTC): 'startup costs and outsourcing will weigh on margins through CY25'

Wolfe Research analyst Chris Caso reiterated an Underperform rating and $31.00 price target on Intel (NASDAQ: INTC)

The analyst comments "Nearer term, startup costs and outsourcing will weigh on margins through CY25. Management comments suggested that while startup costs peak in CY24... More

BofA Securities Mixed on Intel (INTC) as 'competition remains key threat'

BofA Securities analyst Vivek Arya reiterated a Neutral rating and $50.00 price target on Intel (NASDAQ: INTC).

The analyst comments "INTC remains a strategically/geopolitically critical asset and appears to be catching up in manufacturing. Indeed a 5-7% topline growth CAGR with 35-40%... More

Intel (INTC) down after unveiling $7 billion operating loss for foundry unit

(Updated - April 3, 2024 3:53 AM EDT)

Intel (NASDAQ: INTC) has reported a surge in the operating losses of its foundry business, signaling challenges in its efforts to reclaim a leading position in chip technology.

The company revealed that for 2023, the losses widened to $7 billion from $5.2 billion in the previous year. Moreover, revenue for the foundry segment declined by 31% to $18.9 billion from $27.49 billion in the same period.

CEO Pat Gelsinger attributed the foundry's underperformance to poor strategic choices, including the decision to not... More