Here's How Much Traders Expect Intel Stock to Move
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Intel (INTC) stock is plunging after the company released earnings. Despite reporting a "decent beat," Bernstein managing director and senior analyst Stacy Rasgon said that Intel needs a "hero customer" to recover its customer base.
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's fortunes.
Intel Corporation's latest Q2 earnings have embedded several bombshell updates to its turnaround strategy. Click here to find out why INTC stock is a Hold.
Intel warns it may halt development of its 14A chip, signaling an end to US chipmaking dominance and increasing reliance global leaders like TSMC.
In the assessment of 12-month price targets, analysts unveil insights for Intel, presenting an average target of $20.71, a high estimate of $25.00, and a low estimate of $14.00. This current average has increased by 0.05% from the previous average price target of $20.70.
Intel will report its Q2 earnings Thursday, and Wall Street will want to hear more about the company's turnaround plans.
Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new CEO Lip-Bu Tan looks to streamline its operations.
Intel Corporation faces challenges in x86, AI, GPUs, and more, with headcount cuts, poor cash flow, and underwhelming growth. Click for my INTC update.
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