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

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

BofA Securities Mentions TSM (TSM) Positively: 'Growth outlook stays well on-track'

BofA Securities analyst Brad Lin reiterated a Buy rating and {REMOVEPT} price target on Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM),

The analyst comments "Intel has been a key client for TSMC, and could offer strong upside for TSMC with its strong presence in the PC market,... More

Intel (INTC) Outlines Financial Framework for Foundry Business

Intel Corporation (NASDAQ: INTC) today outlined a new financial reporting structure that is aligned with the companys previously announced foundry operating model for 2024 and beyond. This new structure is designed to drive increased cost discipline and higher returns by providing greater transparency,... More