INTC Stock Recent News

Intel (NASDAQ: INTC ) stock pulled back in recent weeks, but you may be confident that a rebound for Intel stock is just around the corner. Analysts walked back their forecasts leaving room for Intel to surprise the market.

Intel is one of the biggest beneficiaries of the CHIPS Act. Meanwhile, the company is expanding its AI division to cash in on the budding industry over the long term.

Intel (INTC) is likely to have recorded higher revenues year over year from the Client Computing Group (CCG) in first-quarter 2024, backed by a strong emphasis on product innovation.

Intel (INTC) is likely to have recorded lower revenues from the Datacenter and AI Group (DCAI) segment in first-quarter 2024, owing to the challenging macroeconomic environment.

Artificial intelligence (AI) applications and platforms are growing like weeds. The arms race for AI superiority continues to be waged between the chip makers trying to chip away at Nvidia Co. NASDAQ: NVDA dominance in the GPU segment to Micron Technology Inc. NASDAQ: MU NAND flash memory dominance in memory chips for data storage.

Intel (NASDAQ: INTC) stock price has collapsed recently as the focus shifts to the upcoming financial results. After soaring to the year-to-date high of $51.15, it has entered a deep bear market by collapsing by over 32% to the current $34.28.

Earnings season kicks into a much higher gear this week, with a wide variety of companies on the reporting docket. The period has primarily been positive so far, with the big banks' results not causing any spooks.

Intel is underperforming the broader semiconductor index.

The intelligence chief of Israel's Defense Forces has resigned citing failures linked to the Hamas terror attack carried out on Oct. 7.

You don't need a fortune to start investing in AI stocks today. Considering market growth prospects, we're in the early days of the AI growth story -- so there's still plenty of time to invest and potentially benefit.