Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products. The company also provides Internet of Things products, including high-performance compute solutions for targeted verticals and embedded applications; and computer vision and machine learning-based sensing, data analysis, localization, mapping, and driving policy technology. It serves original equipment manufacturers, original design manufacturers, and cloud service providers. Intel Corporation has a strategic partnership with MILA to develop and apply advances in artificial intelligence methods for enhancing the search in the space of drugs. The company was founded in 1968 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: intel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $36.00 → $22.00 | Outperform → Neutral | Mizuho |
| 8/6/2024 | Buy → Hold | Argus | |
| 8/2/2024 | Buy → Neutral | New Street | |
| 8/2/2024 | $35.00 → $25.00 | Hold | TD Cowen |
| 8/2/2024 | Buy → Hold | The Benchmark Company | |
| 8/2/2024 | Outperform → Mkt Perform | Raymond James | |
| 8/2/2024 | Hold → Reduce | HSBC Securities | |
| 8/2/2024 | $35.00 → $23.00 | Neutral → Underperform | BofA Securities |
| 5/16/2024 | Underperform → Peer Perform | Wolfe Research | |
| 5/13/2024 | $42.00 → $34.00 | Hold | Jefferies |
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro
Intel Corp (NASDAQ:INTC) shares are trading lower by 3.1% to $31.94 Wednesday afternoon. Shares of semiconductor stocks are trading lower amid recent earnings in the sector and concerns over potential China restrictions. What’s Happening: Shares of Intel and semiconductor stocks are volatile in recent sessions. President Biden is considering further restrictions on China, while the sector feels the impact of recent earnings. Also, Donald Trump’s comments on the China-Taiwan standoff during a Bloomberg interview raised concerns about potential political and economic instability. He hints at a possible U.S. policy shift towards Taiwan, which could disrupt Intel’s semiconductor supply cha
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSM CALL SWEEP BEARISH 11/15/24 $175.00 $218.2K 1.3K 76.6K NVDA PUT SWEEP
U.S. chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Qualcomm Inc (NASDAQ:QCOM), Arm Holdings Plc (NASDAQ:ARM), Intel Corp (NASDAQ:INTC), Micron Technology, Inc (NASDAQ:MU) are trading lower on Wednesday. Tesla Inc (NASDAQ:TSLA) and Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) second-quarter earnings on Tuesday failed to impress the Street and are dragging the stocks lower. Tesla, a key Nvidia customer, reported second-quarter revenue growth of 2% year-on-year to $25.5 billion, beating the consensus estimate of $24.7 billion. EPS of $0.52 lagged the consens
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT TRADE BEARISH 07/26/24 $260.00 $41.4K 2.5K 10.9K NVDA CALL SWEEP
Advanced Micro Devices, Inc (NASDAQ:AMD) announced Monday that President Victor Peng will retire effective August 30, 2024. Peng will remain on the AMD executive team in an advisory capacity to aid the transition until his retirement. Victor Peng re-joined AMD in 2022 after the acquisition of Xilinx, playing a crucial role in integrating and expanding AMD’s embedded business and leading the company’s AI strategy. Also Read: TSMC and AI Chip Stocks Rise Premarket Following Biden’s Exit and China’s Rate Cuts Under his leadership, AMD emerged as the top FPGA and adaptive computing solutions provider. He became AMD’s president in February 2022 following the Xilinx acquisition, where
Shares of NXP Semiconductor (NASDAQ:NXPI) took a 7.7% hit during Tuesday’s pre-market following the company’s announcement of a lower-than-expected third-quarter revenue forecast. What Happened: The semiconductor giant is wrestling with a slowdown in demand from its automotive customers and rising geopolitical tensions, leading to an approximately 8% decrease in its shares in extended trading. At the time of writing, NXP Semiconductor was trading at $261.81 in the pre-market after it closed at $283.81 on Monday, according to Benzinga Pro data. NXP Semiconductors’ customer base includes Apple (NASDAQ:AAPL), Bosch (OTC:BSWQY), Dell (NYSE:DELL), Ericsson, Flextronics, Foxconn (OTC:FXCO
Deep-pocketed investors have adopted a bearish approach towards Intel (NASDAQ:INTC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTC usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Intel. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 37% leaning bullish and 56% bearish. Among these notable options, 6 are puts
U.S. Chips Act beneficiary Intel Corp (NASDAQ:INTC) had a positive week till Thursday, while Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) lost 5% and 15%, respectively. On Wednesday, the broader semiconductor sector lost over $500 billion in stock market value as reports indicated that the U.S. is intensifying its advanced semiconductor embargo against China. This was followed by Presidential candidate Donald Trump attacking global contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM). Investors leveraged the opportunity for profit booking. Now, let us take a look at the positive pointers for Intel. Last week, reports indicated Intel CTO G
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Inaugural report highlights ESG progress and commitment to enhancing safety, efficiency and accessibility in transportation Mobileye (NASDAQ:MBLY) has published its inaugural Sustainability Report for 2023, a comprehensive overview of its efforts and commitment to environmental, social and governance (ESG) initiatives. The foundational report marks the beginning of Mobileye's ESG journey, detailing company-wide business practices aligned with the Company's vision of enhancing safety, efficiency and accessibility in transportation. See the report here. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114461734/en/Mobileye's ca
Intel Corporation today announced that company executives will participate in the following investor events: On Dec. 4 at 12:35 p.m. PST, Naga Chandrasekaran, executive vice president, chief global operations officer and general manager of Intel Foundry Manufacturing and Supply Chain organization, will participate in a fireside chat on Intel's business and foundry strategy at the UBS Global Technology Conference. On Dec. 12 at 8:40 a.m. PST, David Zinsner, executive vice president and chief financial officer, will participate in a fireside chat on Intel's business and financial strategy at the Barclays Global Technology Conference. Live webcasts and replays can be accessed publicly
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye" or the "Company") will host a Capital Markets Day (CMD) on December 9th and 10th, 2024 in Munich, Germany. The CMD is intended to showcase Mobileye's technology, strategic objectives, and commercial progress. It will feature: 1) real-world demonstrations (‘demos') of both its EyeQ®5-based SuperVisionTM system in production vehicles and its DriveTM system in robotaxi vehicles; 2) in-depth presentations on Mobileye's technical approach to self-driving and new technologies integrated into the EyeQ®6 High-based Advanced Product generation; 3) updates on progress achieved in the Company's series development production programs for SuperVision, Chau
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") announced today that it is scheduled to participate in the following upcoming investor events in the fourth quarter of 2024. Baird 2024 Global Industrial Conference, November 14, 2024 Barclays 15th Annual Global Automotive and Mobility Tech Conference, November 21, 2024 Mobileye plans to webcast its "fireside chats" when possible, with exact time to be posted closer to the event. For more information on and to register for and access the webcasts, please visit the "Events & Presentations" section of Mobileye's investor relations (IR) site at https://ir.mobileye.com/. Please note that event participation and specific dates are subject to
Lyft, Inc. (NASDAQ:LYFT), one of the largest transportation networks in North America, and Mobileye (NASDAQ:MBLY), a leading provider of self-driving technology and advanced driver assistance systems (ADAS), announced today plans for an alliance that aims to facilitate the widespread commercialization of autonomous vehicles' services by industry-leading fleet operators. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106840555/en/Lyft and Mobileye logos. (Graphic: Business Wire) Using the latest advancements in AI for autonomy, Mobileye provides AV technology to an ecosystem of purpose-built vehicle manufacturers, who integrate
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest com
NEWS SUMMARY Third-quarter revenue of $13.3 billion. Third-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(3.88); non-GAAP EPS attributable to Intel was $(0.46). $(3.89) impact to GAAP EPS attributable to Intel from $15.9 billion of impairment charges and $2.8 billion of restructuring charges; $(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges. Making significant progress on plan to deliver $10 billion in cost reductions in 2025. Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12.
Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our balance sheet. Generated net cash from operating activities of $196 million in the nine months ended September 28, 2024, including $126 million in the third quarter of 2024. Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today released its financial results for the three m
Leading tech companies to collaborate on architectural interoperability and simplify software development across the ecosystem; luminaries Linus Torvalds and Tim Sweeney join founding members Broadcom, Dell, Google, Hewlett Packard Enterprise, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat. Intel Corp. (INTC) and AMD (NASDAQ:AMD) today announced the creation of an x86 ecosystem advisory group bringing together technology leaders to shape the future of the world's most widely used computing architecture. x86 is uniquely positioned to meet customers' emerging needs by delivering superior performance and seamless interoperability across hardware and software platforms. The group will f
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the third quarter 2024 on Thursday, October 31, 2024, before market open. Mobileye will host a conference call at 8:00am ET (2:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's co
NEWS SUMMARY Third-quarter revenue of $13.3 billion. Third-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(3.88); non-GAAP EPS attributable to Intel was $(0.46). $(3.89) impact to GAAP EPS attributable to Intel from $15.9 billion of impairment charges and $2.8 billion of restructuring charges; $(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges. Making significant progress on plan to deliver $10 billion in cost reductions in 2025. Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12.
Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our balance sheet. Generated net cash from operating activities of $196 million in the nine months ended September 28, 2024, including $126 million in the third quarter of 2024. Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today released its financial results for the three m
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the third quarter 2024 on Thursday, October 31, 2024, before market open. Mobileye will host a conference call at 8:00am ET (2:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's co
Intel Corporation today announced that it will report third-quarter 2024 financial results on Thursday, October 31, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PDT that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help add
NEWS SUMMARY Second-quarter revenue of $12.8 billion, down 1% year over year (YoY). Second-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.38); non-GAAP EPS attributable to Intel was $0.02. Forecasting third-quarter 2024 revenue of $12.5 billion to $13.5 billion; expecting third-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $(0.03). Implementing comprehensive reduction in spending, including a more than 15% headcount reduction, to resize and refocus. Suspending dividend starting in the fourth quarter of 2024. The company reiterates its long-term commitment to a competitive dividend as cash flows improve
Revenue decreased 3% year over year to $439 million in the second quarter. Revenue increased 84% versus the first quarter of 2024 due to reduced consumption of excess inventory at Tier 1 customers compared to the first quarter. More than 110% increase in number of systems shipped as compared to the first quarter of 2024 led to significant improvement in Operating Loss and Adjusted Operating Profit. While we believe inventory of EyeQTM chips at our Tier 1 customers has almost fully normalized as of the end of the second quarter of 2024, we have reduced our expectation for second half volume and revenue, primarily due to China-related macro factors. We remain optimistic on the mediu
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the second quarter 2024 on Thursday, August 1, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's co
Intel Corporation today announced that it will report second-quarter 2024 financial results on Thursday, Aug. 1, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PDT that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help add
NEWS SUMMARY First-quarter revenue of $12.7 billion, up 9% year over year (YoY). First-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.09); non-GAAP EPS attributable to Intel was $0.18. Forecasting second-quarter 2024 revenue of $12.5 billion to $13.5 billion; expecting second-quarter EPS of $(0.05); non-GAAP EPS of $0.10. Intel Corporation today reported first-quarter 2024 financial results. "We are making steady progress against our priorities and delivered a solid quarter," said Pat Gelsinger, Intel CEO. "Strong innovation across our client, edge and data center portfolios drove double-digit revenue growth in Intel Products. With Intel 3 in high
Revenue decreased 48% year over year to $239 million in the first quarter due to the significant drawdown of inventory at our Tier 1 customers announced earlier this year. Diluted EPS (GAAP) was $(0.27) and Adjusted Diluted EPS (Non-GAAP) was $(0.07) in the first quarter. Inventory consumption and the expected quarterly cadence of EyeQTM SoC deliveries over the course of 2024 remains on-track with our prior guidance. Announcement by Volkswagen Group of a wide-ranging production award for our advanced products in the first quarter led to an expansion of the pipeline of advanced discussions with other global OEMs. Generated net cash from operating activities of $40 million in
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest com
Leading tech companies to collaborate on architectural interoperability and simplify software development across the ecosystem; luminaries Linus Torvalds and Tim Sweeney join founding members Broadcom, Dell, Google, Hewlett Packard Enterprise, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat. Intel Corp. (INTC) and AMD (NASDAQ:AMD) today announced the creation of an x86 ecosystem advisory group bringing together technology leaders to shape the future of the world's most widely used computing architecture. x86 is uniquely positioned to meet customers' emerging needs by delivering superior performance and seamless interoperability across hardware and software platforms. The group will f
Dr. Chandrasekaran succeeds retiring Keyvan Esfarjani as chief global operations officer Intel Corporation today announced the appointment of Dr. Naga Chandrasekaran as chief global operations officer, executive vice president and general manager of Intel Foundry Manufacturing and Supply Chain organization. Chandrasekaran joins Intel from Micron, where he served as senior vice president for Technology Development. He will be a member of Intel's executive leadership team and report to CEO Pat Gelsinger. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725556394/en/Dr. Naga Chandrasekaran has been appointed by Intel Corporation
Mobileye Global Inc. (NASDAQ:MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. "It's an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye's board as an independent director," said Patrick P. Gelsinger, chair of Mobileye's board of directors. "Elaine's experience in technology, transportation and business transformation will bring a wealth of knowledge to our mission of advancing road safety through advanced technology." Secretary Chao has had a distinguished career as a national and global leader in the public, private a
O'Buckley will oversee Intel's systems foundry growth strategy Intel Corporation today announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry. O'Buckley starts today and becomes a member of Intel's executive leadership team reporting to CEO Pat Gelsinger. He succeeds Stuart Pann, who will retire from Intel after 35 years of service at the end of May and remain an adviser to support a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513572065/en/Kevin O'Buckley is senior vice pres
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
At Vision 2024, Intel goes all-in on open and more secure enterprise AI with new customers, partners and collaborations across the AI continuum. NEWS HIGHLIGHTS Intel unveiled a comprehensive AI strategy for enterprises, with open, scalable systems that work across all AI segments. Introduced the Intel® Gaudi® 3 AI accelerator, delivering 50% on average better inference1 and 40% on average better power efficiency2 than Nvidia H100 – at a fraction of the cost. Intel announced Gaudi 3 availability to original equipment manufacturers (OEMs) – including Dell Technologies, HPE, Lenovo and Supermicro – broadening the AI data center market offerings for enterprises. Announced new Int
President of Society for Information Display joins as independent board member Mojo Vision, the high-performance micro-LED company, today announced the appointment of Dr. Achin Bhowmik to its board of directors. Bhowmik, chief technology officer at Starkey, a former executive at Intel (NASDAQ:INTC), and currently the president of the Society for Information Display (SID), joins as an independent board member to provide guidance and oversight for the company as it accelerates the development of next-generation micro-LED technology. With Bhowmik's appointment, Mojo Vision is tapping 23 years of industry experience in perceptual computing, display, and semiconductor business. "Through my w
Intel Corporation today announced that Stacy Smith, executive chairman of Kioxia Corporation, formerly Toshiba Memory Corporation, and chair of Autodesk Inc., was appointed to Intel's board of directors, effective immediately. Smith will serve as an independent director and join the board's Audit & Finance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240313236334/en/Stacy J. Smith joined Intel Corporation's board of directors in March 2024. (Credit: Intel Corporation) "Stacy's deep understanding of the semiconductor industry, along with Intel's history and strategy, will be a significant asset to the board as it gui
Hotard will be responsible for Intel's data center products and its mission to bring AI everywhere. Intel Corporation today announced the appointment of Justin Hotard as executive vice president and general manager of its Data Center and AI Group (DCAI), effective Feb. 1. He joins Intel with more than 20 years of experience driving transformation and growth in computing and data center businesses, and is a leader in delivering scalable AI systems for the enterprise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240103210452/en/On Jan. 3, 2024, Intel announced the appointment of Justin Hotard as executive vice president and ge
Mizuho downgraded Intel from Outperform to Neutral and set a new price target of $22.00 from $36.00 previously
Argus downgraded Intel from Buy to Hold
New Street downgraded Intel from Buy to Neutral
TD Cowen reiterated coverage of Intel with a rating of Hold and set a new price target of $25.00 from $35.00 previously
The Benchmark Company downgraded Intel from Buy to Hold
Raymond James downgraded Intel from Outperform to Mkt Perform
HSBC Securities downgraded Intel from Hold to Reduce
BofA Securities downgraded Intel from Neutral to Underperform and set a new price target of $23.00 from $35.00 previously
Wolfe Research upgraded Intel from Underperform to Peer Perform
Jefferies initiated coverage of Intel with a rating of Hold and set a new price target of $34.00 from $42.00 previously
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