NasdaqGS - Nasdaq Real Time Price USD

Intel Corporation (INTC)

35.11

+0.61

(+1.77%)

At close: April 25 at 4:00 PM EDT

32.39

-2.72

(-7.75%)

After hours: April 25 at 7:59 PM EDT

Intel's chip sector strength is undiminished: Strategist

Shares of Intel (INTC) are lower in after-hours trading on Thursday after the company posted its first-quarter earnings, revealing a revenue of $12.72 billion, a gain of 8.8% year-over-year. Revenue narrowly beat estimates of $12.71 billion, however, the company missed out on estimates for its second-quarter forecast, placing revenue between $12.5 billion to $13.5 billion against an expected $13.63 billion. While Intel may be down, some still believe the chipmaker is certainly not out. The Futurum Group Chief Market Strategist Cory Johnson joins Market Domination Overtime to discuss Intel's earnings and how the company may still be able to turn it around. Johnson elaborates on why Intel is in such a strong position: "They have received more money from the CHIPS Act than anyone else out there, so they are in a really strong position building out their facilities all over the country, particularly in Columbus, Ohio... They are clearly pushing ahead really fast... that is good for the foundry business... The foundry business ultimately is going to be very difficult to do, but they're pushing ahead at really having cutting-edge foundry services and as you mentioned, in the angstrom levels at the real cutting-edge, which we haven't had in this country for many, many years." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

Yahoo Finance Video 7 hours ago

INTC
+1.77%
Biden has a favorite stop when he hits the road: Chipmaking plants

Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.

Yahoo Finance 19 hours ago

MU

INTC
+1.77%
IBM
-8.25%
Intel (INTC) Q1 2024 Earnings Call Transcript

INTC earnings call for the period ending March 31, 2024.

Motley Fool 4 hours ago

INTC
+1.77%
Intel Slides After Tepid Forecast Shows Comeback Challenges

(Bloomberg) -- Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityPlunging Home Prices, Fleeing

Bloomberg 5 hours ago

INTC
+1.77%
Intel Stock Drops As Chipmaker Guides Below Views For Q2

Chipmaking giant Intel beat Wall Street's earnings target for Q1 but guided below estimates for the current quarter.

Investor's Business Daily 6 hours ago

INTC
+1.77%
Here's What Key Metrics Tell Us About Intel (INTC) Q1 Earnings

While the top- and bottom-line numbers for Intel (INTC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks 7 hours ago

INTC
+1.77%
Intel CEO: Guidance Miss Reflects Slightly Soft Demand. He's Bullish on the Second Half.

Intel CEO Pat Gelsinger said the company's disappointing financial guidance reflects some overall weakness in market demand. Intel is projecting June-quarter revenue of $12.5 billion to $13.5 billion with an adjusted profit of 10 cents a share.

Barrons.com 7 hours ago

INTC
+1.77%
Intel Shares Slip as June Quarter Guidance Comes in Light

Intel shares are headed lower in late trading Thursday after the chip maker posted mixed financial results for the March quarter along with June quarter guidance that fell shy of Street estimates. For the March quarter, Intel reported revenue of $12.7 billion, up 9% from a year ago, in the middle of the company's guidance range of $12.2 billion to $13.2 billion, and just short of the consensus as tracked by FactSet of $12.8 billion. Adjusted profits of 18 cents a share topped the Street consensus at 14 cents.

Barrons.com 8 hours ago

INTC
+1.77%
No Surprises In Intel's (NASDAQ:INTC) Q1 Sales Numbers But Stock Drops on Weak Guidance

Computer processor maker Intel (NASDAQ:INTC) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 8.6% year on year to $12.72 billion. On the other hand, next quarter's revenue guidance of $13 billion was less impressive, coming in 4.4% below analysts' estimates. It made a non-GAAP profit of $0.10 per share, improving from its loss of $0.04 per share in the same quarter last year.

StockStory 8 hours ago

INTC
+1.77%
UPDATE 1-Intel forecasts second-quarter revenue below estimates

Intel forecast second-quarter revenue and profit below market estimates on Thursday, as it faces weak demand for its traditional data center and personal computer chips amid efforts to build its contract manufacturing business. Enterprises have prioritized spending on advanced and speedy AI server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. According to analysts, a surging demand for graphics processing units (GPUs) useful for AI applications has reduced the appetite for CPUs, which are Intel's main product.

Reuters 8 hours ago

INTC
+1.77%
NVDA
+3.71%
Intel Reports First-Quarter 2024 Financial Results

SANTA CLARA, Calif., April 25, 2024--Intel Corp. releases its first-quarter earnings report for fiscal year 2024.

Business Wire 8 hours ago

INTC
+1.77%
Biden Keeps Doling Out Billions to Chipmakers. Here’s What Really Matters.

Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.

Barrons.com 9 hours ago

MU

INTC
+1.77%
TSM
Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery

Mobileye Global Inc (NASDAQ:MBLY) reported a fiscal first-quarter 2024 revenue decline of 48% year-on-year to $239.00 million, beating the consensus of $231.56 million. Adjusted EPS of $(0.07) missed the consensus loss of $(0.06). “The financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. We are encouraged that the inventory drawdown and associated recovery in revenue appears to be on-track to what we laid out in January,”

Benzinga 12 hours ago

MBLY

INTC
+1.77%
What Intel Stock Investors Should Know Before Earnings

Will Intel share more details about its upcoming AI chip, the Gaudi 3?

Motley Fool 12 hours ago

INTC
+1.77%
UPDATE 1-Republican China hawks criticize Intel chip in new Huawei laptop

Republican China hardliners Marco Rubio and Elise Stefanik are calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new laptop powered by an Intel AI processor chip. The release of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor last week, drew fire from Republican lawmakers, who said it suggests that the Commerce Department had given the green light to Intel to sell the chip to Huawei.

Reuters 13 hours ago

INTC
+1.77%
History Says the Nasdaq Will Roar Higher This Year. My Top Growth Stock to Buy Before It Does.

This stock is reasonably priced, even after explosive gains.

Motley Fool 18 hours ago

NVDA
+3.71%
INTC
+1.77%
These 3 Dow Stocks Are Set to Soar in 2024 and Beyond

Forget the "Dogs of the Dow." These could be the darlings of the Dow in the future.

Motley Fool 18 hours ago

AMZN
-1.65%
INTC
+1.77%
CRM
Republican China hawks criticize Intel chip in new Huawei laptop

WASHINGTON (Reuters) -Republican China hardliners Marco Rubio and Elise Stefanik are calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new laptop powered by an Intel AI processor chip. The release of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor last week, drew fire from Republican lawmakers, who said it suggests that the Commerce Department had given the green light to Intel to sell the chip to Huawei.

Reuters 19 hours ago

INTC
+1.77%
Republican Senator Rubio calls for blocking of all US sales to Huawei

Republican China hardliner Marco Rubio is calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new AI-enabled laptop powered by an Intel AI processor chip. The release of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor, last week drew fire from Republican lawmakers, who said it suggests that the Commerce Department had given the greenlight to Intel to sell the chip to Huawei.

Reuters 19 hours ago

INTC
+1.77%
Intel Earnings Day Is Here. Better PC Demand Could Provide a Boost.

Intel stock bulls will need to remain patient, with multiple quarters to go before the chip company gains traction for a bet-the-company push to compete with Taiwan Semiconductor Manufacturing and Samsung in the chip-manufacturing business. Meanwhile, Intel’s first-quarter-earnings report, due after the close of trading Thursday, could show signs of improving demand from the PC segment. Citi analyst Christopher Danely, while maintaining a Neutral rating on Intel shares, recently launched an “upside catalyst watch” on the stock, which is down 32% year to date, largely due to recent disclosures of larger-than-expected losses on the company’s foundry business.

Barrons.com 20 hours ago

INTC
+1.77%

Performance Overview

Return	INTC	S&P 500
YTD	-29.92%	+5.84%
1-Year	+20.03%	+22.03%
3-Year	-35.51%	+20.77%

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Intel Corporation (INTC)

Intel's chip sector strength is undiminished: Strategist

Biden has a favorite stop when he hits the road: Chipmaking plants

Intel (INTC) Q1 2024 Earnings Call Transcript

Intel Slides After Tepid Forecast Shows Comeback Challenges

Intel Stock Drops As Chipmaker Guides Below Views For Q2

Here's What Key Metrics Tell Us About Intel (INTC) Q1 Earnings

Intel CEO: Guidance Miss Reflects Slightly Soft Demand. He's Bullish on the Second Half.

Intel Shares Slip as June Quarter Guidance Comes in Light

No Surprises In Intel's (NASDAQ:INTC) Q1 Sales Numbers But Stock Drops on Weak Guidance

UPDATE 1-Intel forecasts second-quarter revenue below estimates

Intel Reports First-Quarter 2024 Financial Results

Biden Keeps Doling Out Billions to Chipmakers. Here’s What Really Matters.

Intel Spinoff Mobileye Revenue Falls Amid Supply Chain Reset, CEO Optimistic About Recovery

What Intel Stock Investors Should Know Before Earnings

UPDATE 1-Republican China hawks criticize Intel chip in new Huawei laptop

History Says the Nasdaq Will Roar Higher This Year. My Top Growth Stock to Buy Before It Does.

These 3 Dow Stocks Are Set to Soar in 2024 and Beyond

Republican China hawks criticize Intel chip in new Huawei laptop

Republican Senator Rubio calls for blocking of all US sales to Huawei

Intel Earnings Day Is Here. Better PC Demand Could Provide a Boost.

Performance Overview