Intel's stock continues to plummet as the company faces challenges, with analysts criticizing its performance and forecasting further declines. Intel's shares closed down 9.2% and hit their lowest price since July. The company reported dismal first-quarter earnings, leading to concerns about its ability to compete in the chip industry. Analysts express doubts about Intel's turnaround efforts and predict it will underperform in the next 12-18 months. Various factors, including a weak forecast, deteriorating margins, and loss of market share to competitors like NVDA and ARM, contribute to Intel's struggles.
BAML lowers $INTC price target from $44 to $40 “Value continues to shift away from traditional CPUs ($22bn TAM today) to AI accelerators ($96bn TAM) where INTC’s market share is <1%” “Intel appears to continue losing server CPU share; 60% in 2025E vs 70% in 23” $NVDA $AMD $ARM https://t.co/kB4l6BmUfZ
Intel $INTC earnings preview: Still a show me story https://t.co/wWQB15zz8l https://t.co/749XOi7NTg
Intel’s data center and AI operating margin also deteriorated from 24.9% in 2022 to 12.8% in 2023. $INTC $NVDA $AMD https://t.co/CpX83J8j4p
➡️ Struggling for relevance? Intel's stock plummets by 9%, raising concerns about their ability to remain prominent in the chip industry. https://t.co/rdFGexvCFr
Intel's Stock Drops 9%. Are They Struggling to Remain Relevant? https://t.co/LARvGzbCMv
"Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant" https://t.co/sHNhr4T6I7 https://t.co/QqAfi5mkrk
Goldman Sachs maintains Sell on $INTC “We worry INTC will continue to cede wallet share within the overall Data Center Compute market to $NVDA and $ARM.” “AI prioritization continues to weigh on traditional server demand” “We reduce our 2024 revenue forecast by 5%” https://t.co/6VKtD88rf3
.@Intel’s stock slides on weak forecast https://t.co/lrWFTj8OpZ @SiliconANGLE @Mike_Wheatley “But this growth was not enough to put Intel in the black, though its losses were reduced quite significantly, to almost 10% year-over-year.” - @holgermu https://t.co/OVkucb6SF4
$INTC slumping to its lowest level since last June after yesterday's disappointing earnings. Melius Research's Ben Reitzes lays out the upcoming catalysts that could turn the tech stock around. https://t.co/AasM2TtEOn
Intel $INTC closes at lowest price since July 👀 https://t.co/gNqHQOiEO7
Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. https://t.co/M5DdOh7ut4
$INTC finished down 9.2%: https://t.co/nKjfkXdjJW
$INTC | Intel 'Still A Work In Progress' As 'Turnaround Efforts Take Root,' Analysts Say After Q1 Disappointment Intel stock "will be an underperformer relative to the group over the next 12-18 months," one analyst said. "We remain on sidelines as turnaround efforts take root,"… https://t.co/B1dmF1i1fA
As Intel reports disappointing earnings and guidance, and becomes S&P's worst performing stock in 2024, a look at the long history of company's missteps (@kifleswing / CNBC) https://t.co/PLiXbdn87u 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/OGRbavfuOt
“Intel is the worst-performing tech stock in the S&P 500 this year, down 37%.” 😬 https://t.co/dCEELfKucT
Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant. https://t.co/LJ7AZj61EV
Intel’s bad year worsens, with analyst decrying company as ‘profoundly broken’ https://t.co/lk5zxpl5J8