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Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
CFRA Research Senior Equity Analyst Angelo Zino joins Yahoo Finance Live to discuss the rise in Intel stock after the company says its new chips are arriving early.
Intel Corporation provided a positive update on Data Center and AI chips. The chip giant will likely continue to donate market share to peers, even if it gets new chips like Emerald Rapids, Sierra Forest, and Granite Rapids to market on time.
Intel has reassured Wall Street that it is on track with its data center processor roadmap and has a play in artificial intelligence. The post Intel On Track With Data Center Chip Lineup, Touts Play In Artificial Intelligence appeared first on Investor's Business Daily.
Intel stock is rising after the microprocessor manufacturer on Wednesday unveiled additional details around its data centre roadmap as well as its view of the market opportunity over the coming years. “We view the company's optimism around delivering 3nm products in 1H 2024 as being the primary catalyst driving the sharp acceleration in the stock during and post the event,” Wedbush analysts wrote in a note to clients.
Is the company back on track?
Intel Corporation (NASDAQ:INTC ) Data Center and AI Investor Conference Call March 29, 2023 11:30 AM ET Company Participants John Pitzer - Corporate Vice President and Head of Investor Relations Sandra Rivera - Executive Vice President and General Manager of Data Center & AI Group Lisa Spelman - Corporate Vice President and General Manager of our Xeon products Greg Lavender - Senior Vice President, Chief Technology Officer and General Manager of our Software & Advanced Technology Group Conference Call Participants Christopher Muse - Evercore ISI Ross Seymore - Deutsche Bank Aaron Rakers - Wells Fargo Brett Simpson - Arete Research Christopher Rolland - SIG Tristan Gerra - R.W. Baird John Pitzer Before we begin, please note that today's discussion contains forward-looking statements on the environment as we currently see it.
Intel gave an overview of its data center chip product roadmap, and outlined bullish prospects for the data center market. Qualcomm and TSMC may have benefited from Micron's commentary on the sector Tuesday evening.
Stacy Rasgon, Bernstein senior analyst, joins 'Closing Bell' to discuss the accelerated growth in A.I. and more.
In trading on Wednesday, shares of Intel crossed above their 200 day moving average of $30.61, changing hands as high as $31.89 per share. Intel shares are currently trading up about 7.6% on the day.