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Intel in focus as HSBC upgrades ahead of earnings [Seeking Alpha]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Shares were little changed in premarket trading. “We had been cautious on Intel mainly given Quick Insights HSBC expects Intel's core server business to return to growth, driven by surging demand for server CPUs related to agentic AI adoption, and believes this upside isn't fully priced into shares. Agentic AI accelerates the need for general-purpose compute, causing an anticipated significant increase in server CPU market demand, above current Wall Street estimates. Intel's engagement with external foundry customers is increasing, including potential discussions with Nvidia for gaming GPUs and Apple for M-series processors, reflecting improving prospects. Recommended For You More Trending News
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- Intel (NASDAQ:INTC) had its "neutral" rating reaffirmed by analysts at Wedbush. They now have a $30.00 price target on the stock.[MarketBeat]
- Intel (NASDAQ:INTC) had its "neutral" rating reaffirmed by analysts at Susquehanna.[MarketBeat]
- Intel (NASDAQ:INTC) was upgraded by analysts at HSBC Holdings plc from a "reduce" rating to a "hold" rating.[MarketBeat]
- Intel (NasdaqGS:INTC) Valuation Check After AI Upgrades Foundry Wins And New Chip Launches [Yahoo! Finance][Yahoo! Finance]
- 1 Momentum Stock to Target This Week and 2 We Find Risky [Yahoo! Finance][Yahoo! Finance]
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