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 |
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
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the first quarter 2024 on Thursday, April 25, 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 con
Intel Corporation today announced that it will report first-quarter 2024 financial results on Thursday, April 25, 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 ad
News Summary Fourth-quarter revenue was $15.4 billion, up 10 percent year-over-year (YoY). Full-year revenue was $54.2 billion, down 14 percent YoY. Fourth-quarter earnings per share (EPS) attributable to Intel was $0.63; non-GAAP EPS attributable to Intel was $0.54. Full-year EPS attributable to Intel was $0.40; non-GAAP EPS attributable to Intel was $1.05. Forecasting first-quarter 2024 revenue of $12.2 billion to $13.2 billion; expecting first-quarter EPS attributable to Intel of $(0.25) (non-GAAP EPS attributable to Intel of $0.13). Intel Corporation today reported fourth-quarter and full-year 2023 financial results. "We delivered strong Q4 results, surpassing expectations
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the fourth quarter and full year 2023 on Thursday, January 25, 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, 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 ir.mobileye.com, and a replay of the webcast will be made available shortly after the event's conclusion. About Mobileye Global Inc. Mobileye (N
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
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
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
Pann to accelerate development of Intel's open systems foundry offering. Intel Corporation today announced the appointment of Stuart Pann as senior vice president and general manager of Intel Foundry Services (IFS), Intel's commercial foundry business. Pann will report to Intel CEO Pat Gelsinger and drive continued growth for IFS and its differentiated systems foundry offering, which goes beyond traditional wafer fabrication to include packaging, chiplet standards and software, as well as U.S.- and Europe-based capacity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230321005442/en/Stuart Pann is senior vice president and gener
Dr. Omar Ishrak steps down as chair, remains on Intel's board of directors. Intel Corporation today announced that Frank D. Yeary has been appointed as the new independent chair of its board of directors. This follows Dr. Omar Ishrak's decision to step down as chair. Ishrak will remain on Intel's board as an independent director and continue to serve on the audit and finance committee and corporate governance and nominating committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230123005715/en/Frank D. Yeary joined Intel's board of directors in March 2009. (Photo: Business Wire) "I'm pleased to welcome Frank as chair of Intel
N-PX - INTEL CORP (0000050863) (Filer)
8-K - INTEL CORP (0000050863) (Filer)
13F-HR - INTEL CORP (0000050863) (Filer)
10-Q - INTEL CORP (0000050863) (Filer)
IRANNOTICE - INTEL CORP (0000050863) (Filer)
8-K - INTEL CORP (0000050863) (Filer)
8-K - INTEL CORP (0000050863) (Filer)
11-K - INTEL CORP (0000050863) (Filer)
8-K - INTEL CORP (0000050863) (Filer)
13F-HR - INTEL CORP (0000050863) (Filer)
Intel enables a new era of high-performance enterprise AI systems and solutions. NEWS HIGHLIGHTS Intel launches Xeon 6 with Performance-cores (P-cores), doubling the performance for AI and HPC workloads. New Gaudi 3 AI accelerators offer up to 20 percent more throughput and 2x price/performance vs H100 for inference of LLaMa 2 70B1. As AI continues to revolutionize industries, enterprises are increasingly in need of infrastructure that is both cost-effective and available for rapid development and deployment. To meet this demand head-on, Intel today launched Xeon 6 with Performance-cores (P-cores) and Gaudi 3 AI accelerators, bolstering the company's commitment to deliver powerful A
Collaboration to Catalyze Innovation in Artificial Intelligence (AI) and Quantum Computing, Starting with Historically Black Colleges and Universities (HBCUs) WASHINGTON, Sept. 20, 2024 /PRNewswire/ -- Flapmax, in collaboration with Intel, today announced the launch of the Quantum AI Challenge, an initiative designed to foster innovation and collaboration among Historically Black Colleges and Universities (HBCUs). The challenge invites students, faculty, and researchers to solve real-world problems using quantum computing and AI technologies. Applications open on September 20, 2024.
Intel, Dow, and Mastercard recognized for excellence in corporate disclosure Intel, Dow, and Mastercard have emerged as champions, securing top honors in the 2024 U.S. Transparency Awards unveiled today by Labrador, a leading global communications firm specializing in transparent corporate disclosure documents. The rankings are based on a rigorous evaluation of corporate disclosure documents among the top 250 companies in the S&P 5001 and recognize companies dedicated to building investor and stakeholder trust through clear, concise, and effective communication. The Transparency Awards celebrate the 10 most transparent U.S. companies, the top three leaders in 11 industries, and the best p
LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Remark Holdings, Inc. (OTCQX:MARK), a leading provider of AI-powered computer vision analytics, smart city, and smart agent solutions and a member of the Intel Partner Alliance (NASDAQ:INTC), today announced that Remark AI's Smart Safety Platform (SSP) has been successfully optimized for the Intel Architecture. Introduction to the Smart Safety PlatformRemark AI's Smart Safety Platform (SSP) is a cutting-edge artificial intelligence solution designed to meet the evolving needs of businesses across various industries. By harnessing the power of AI, Remark AI's Smart Safety Platform offers unparalleled efficiency, accuracy, and scalability, enabling org
Intel to Produce Custom AI Fabric Chip on Intel 18A and Custom Xeon 6 Chip on Intel 3 for AWS; Multi-Year, Multi-Billion-Dollar Collaboration Accelerates Development of Chip Manufacturing in Ohio Intel Corp. (INTC) and Amazon Web Services. Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), today announced a co-investment in custom chip designs under a multi-year, multi-billion-dollar framework covering product and wafers from Intel. This is a significant expansion of the two companies' longstanding strategic collaboration to help customers power virtually any workload and accelerate the performance of artificial intelligence (AI) applications. This press release features multimedia. View the
Secure Enclave award builds on Intel's programmatic engagement across strategic U.S. government defense programs, including SHIP and RAMP-C. The Biden-Harris Administration announced today that Intel Corporation has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. The program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government. The Secure Enclave program builds on previous projects between Intel and the Department of Defense (DoD) such as Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) and State-of-the-Art Heterogeneous Integration Prototype (SHIP). As the only
Technology progress makes next-gen FMCW lidar technology less essential to future products Mobileye (NASDAQ:MBLY) has chosen to end the internal development of next-generation frequency modulated continuous wave (FMCW) lidars for use in autonomous and highly automated driving systems. As part of our regular review of the long-term technology roadmap, we now believe that the availability of next-generation FMCW lidar is less essential to our roadmap for eyes-off systems. This decision was based on a variety of factors, including substantial progress on our EyeQ6-based computer vision perception, increased clarity on the performance of our internally developed imaging radar, and continued
Intel Core Ultra 200V series processors offer outstanding AI performance, compatibility and power efficiency at scale to leading laptop manufacturers. What's New: Intel today launched its most efficient family of x86 processors ever, the Intel® Core™ Ultra 200V series processors. They deliver exceptional performance, breakthrough x86 power efficiency, a massive leap in graphics performance, no-compromise application compatibility, enhanced security and unmatched AI compute. The technology will power the industry's most complete and capable AI PCs with more than 80 consumer designs from more than 20 of the world's top manufacturing partners, including Acer, ASUS, Dell Technologies, HP, Len
Global Premiere of Karma Ivara "GT-UV" Design StudyGlobal Premiere of Karma Kaveya Super Coupe with Production-Ready InteriorGlobal Announcement of Bilateral Collaboration with Intel AutomotiveCARMEL VALLEY, Calif., Aug. 16, 2024 /PRNewswire/ -- Today at The Quail, a Motorsports Gathering, Karma Automotive celebrates two Global Premieres: the Karma Ivara "GT-UV" Design Study, and the Karma Kaveya super coupe with production-ready interior. Together these vehicles telegraph the brilliant future of California's first and only ultra-luxury automaker. Karma Automotive, California'
Intel does not endorse Tutanota's mini-tender offer and is not associated in any way with Tutanota, its mini-tender offer or the offer documentation. Intel Corporation recently learned of an unsolicited "mini-tender offer" made by Tutanota LLC (Tutanota) to Intel stockholders to purchase up to 1 million shares of Intel common stock at $34 per share. The offer price of $34 per share is conditioned on, among other things, the closing price per share of Intel's common stock exceeding $34 per share on the last trading day before the offer expires. Unless this condition is waived by Tutanota, Intel stockholders who tender their shares in the offer will receive a below-market price. Tutanota ca
SC 13G/A - INTEL CORP (0000050863) (Filed by)
SC 13G - INTEL CORP (0000050863) (Filed by)
SC 13G/A - INTEL CORP (0000050863) (Subject)
SC 13G - INTEL CORP (0000050863) (Filed by)
SC 13G/A - INTEL CORP (0000050863) (Subject)
SC 13G/A - INTEL CORP (0000050863) (Subject)
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