Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundam
Up until a few years ago, PCs almost exclusively ran on x86-based chips from Intel (NASDAQ: INTC) or AMD, not Arm-based chips using Arm Holdings' (NASDAQ: ARM) technology. In 2020, Apple officially made the switch from Intel CPUs to its own home-grown Arm-based chips for its Mac
We’re in the thick of earnings season, which is undoubtedly an exciting time for investors. We have many companies unveiling quarterly results daily, providing shareholders with a snapshot of what’s transpired behind closed doors.
The Nasdaq outperformed peers on Friday as robust updates from Amazon.com and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations.
Advanced Micro Devices AMD is set to release its third-quarter 2023 results on Oct 31.AMD expects third-quarter 2023 revenues to be $5.7 billion (+/-$300 million), which indicates year-over-year growth of 2.5% and 6.5% sequentiall
The Nasdaq and S&P 500 rose on Friday as robust updates from Amazon.com and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations.
Intel rose more than 9% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump.
Wall Street was set to open higher on Friday as robust forecasts from Amazon.com and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations.
Intel rose nearly 8% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump.
Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundam
Futures for Wall Street's main stock indexes rose on Friday as robust forecasts from Amazon.com and Intel lifted beaten-down megacaps, while investors awaited key inflation data during the day.
Shares of chip maker Intel (
NASDAQ:INTC
) are among the most-discussed stocks on the
social media platform Reddit after the
company delivered strong Q3 earnings. Thanks to its back-to-back strong earnings performance, INTC stock has risen about 25.5% year-to-date and outperformed the S&P 500 Index (
SPX
) with its returns. Given the decent gain in its price and competitive headwinds, Wall Street analysts’ average price target suggests a limited upside potential in Intel stock from current levels.
With this backdrop, let’s understand what’s in store for Intel shareholders in the future.
Should You Buy or Sell Intel Stock?
Intel’s third-quarter earnings exceeded Street’s expectations, indicating a continued improvement in its financials. Further, an expected recovery in the PC market and opportunities led by
AI (artificial intelligence) bode well for growth.
Despite Intel’s improving financial performance, analysts have not changed their stance on INTC stock. Following the Q3 earnings,
Goldman Sachs analyst Toshiya Hari maintained a Sell recommendation on Intel stock. The analyst expects Advanced Micro Devices (
NASDAQ:AMD
) to take market share from Intel within the traditional CPU market. Nonetheless, Hari increased the price target on INTC stock to $30 from $28.
Like Hari,
Vijay Rakesh of Mizuho Securities also increased the price target on INTC stock. However, the analyst reiterated a Hold rating on Intel stock as he sees the company lagging Nvidia (
NASDAQ:NVDA
) in the data center and AI space.
Further,
TD Cowen anal
y
st Matt Ramsay and
KeyBanc analyst John Vinh also reiterated a Hold recommendation on INTC stock following Q3 earnings print. Overall, Intel stock has received six Buy, 20 Hold, and four Sell recommendations for a Hold consensus rating. Moreover, the
average INTC stock price target of $37.10 implies a limited upside potential of 14.08% from current levels.
The Takeaway
Intel is well-positioned to capitalize on the recovery in the PC market. Moreover, higher revenues led by an increase in average selling price are expected to cushion its margins. In addition, Intel’s Foundry Services will enable it to capitalize on the AI market opportunity.
However, market share losses to competitors, primarily AMD, continue to limit the upside potential in this trending Reddit stock, reflected through analysts’ Hold consensus rating.
Disclosure
External factors such as COVID-19 and an economic downturn in 2022 have caused some volatility in the stock market in recent years. The challenges highlight why it's crucial to keep a long-term mindset to see big gains. As investing mogul Warren Buffett has often preached, "If yo
U.S. stock index futures climbed on Friday as robust forecasts from Amazon.com and Intel along with a pullback in Treasury yields lifted megacaps, while investors awaited a key inflation data during the day.
In today's video, I discuss Intel (NASDAQ: INTC) and its recently announced earnings. Check out the short video to learn more, consider subscribing, and click the special offer link below.
This article discusses the current state of the global semiconductor industry, how it may be the single most important industry for national security and economic growth, and how geopolitics are reshaping it.
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