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Intel's Bold Move: Can It Chip Away At Nvidia's Lead?
Friday, June 21, 2024 - 10:51am | 688Intel Corp (NASDAQ:INTC) is making waves with its ambitious plans to revamp its operations, thanks to a hefty $8.5 billion boost from the CHIPS Act, a $280 billion package President Joe Biden signed into law in 2022. The goal? To transform into a manufacturing powerhouse that could potentially...
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Nomura Downgrades Intel Following CEO Departure
Monday, June 25, 2018 - 9:55am | 389Intel Corporation (NASDAQ: INTC) abruptly and unexpectedly saw CEO Brian Krzanich depart last week, and one Wall Street analyst says there's now simply too much uncertainty surrounding Intel for investors to buy the stock. The Analyst Nomura analyst Romit Shah downgraded Intel's stock from...
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Intel CEO Resigns After Discovery Of Relationship With An Employee
Thursday, June 21, 2018 - 9:23am | 327Intel Corporation (NASDAQ: INTC) CEO Brian Krzanich resigned Thursday and was immediately supplanted by CFO Robert Swan as interim CEO. After five years in leadership, Krzanich, who also resigned from the board of directors, had been found to have violated Intel policy by having a past consensual...
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A CEO Who's Who Of Trump's Manufacturing Council
Friday, January 27, 2017 - 5:36pm | 2282A group of more than two dozen CEOs have been tapped by President Donald Trump to create recommendations to grow the American manufacturing sector. The group convenes at a time when Trump is pledging to cut corporate taxes, slash regulations and also heavily tax companies that outsource...
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Intel Corporation, Mobileye May Be Star-Crossed Lovers, But Chowdhry Calls Veronian Tragedy
Thursday, November 17, 2016 - 4:23pm | 379Intel Corporation (NASDAQ: INTC) struck a partnership with Mobileye NV (NYSE: MBLY) and BMW earlier this year. While some analysts are optimistic the agreement will yield success for all involved, Trip Chowdhry of Global Equities Research isn't among the optimistic crowd. No Dice In a research...
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Mobileye Just Scored A Huge Partnership
Thursday, June 30, 2016 - 8:20am | 299Bloomberg reported after Wednesday's market close that Mobileye NV (NYSE: MBLY) is teaming up with Intel Corporation (NASDAQ: INTC) to develop self-driving car technology that will be integrated in future BMW vehicles. Bloomberg, citing "people familiar with the matter," stated senior executives...
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Why The PC Market Is Doing Poorly
Wednesday, July 15, 2015 - 3:47pm | 585There is no denying the fact that PC sales have been on the decline for quite some time due to the rising popularity of tablets and smartphones. According to Gartner’s latest estimates, worldwide PC shipments fell 9.5 percent in the second quarter of 2015. In fact, this was the steepest...
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Intel To Acquire Altera For $54 Per Share
Monday, June 1, 2015 - 8:59am | 479Intel Corporation (NASDAQ: INTC) on Monday announced it has entered into a definitive agreement to acquire Altera Corporation (NASDAQ: ALTR) for $54 per share, valuing the entire transaction at around $16.7 billion. According to a press release, Intel stated that the acquisition will improve...
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The Internet Of Things Getting A Push From Intel And Samsung
Wednesday, May 13, 2015 - 2:18pm | 364The Internet Of Things (IoT) has grown rapidly over the past few years, as everything from appliances to automobiles has received an Internet connection. The idea that people can connect to and control the world around them has been well received by the general public, making gadget manufacturers...
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Cramer & Intel Talk: Moore's Law, Computing And Balancing The Old With The New
Tuesday, April 28, 2015 - 2:50pm | 441The one problem that Intel Corporation (NASDAQ: INTC) investors have had in the last few years is that, even though the company has spread its wings to many areas, its core business still remains chips. Intel Corporation CEO Brian Krzanich, was on CNBC's show "Mad Money" with Jim...
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Potential Intel Deal Boosts Chip ETFs
Monday, March 30, 2015 - 3:32pm | 730Merger Monday was back this week, as a handful of mergers and acquisitions were announced. However, one deal that has not come to fruition yet involves the largest name in the semiconductor sector, Intel Corporation (NASDAQ: INTC). The company has reportedly been in talks to buy a fellow...
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Apple Is Not Breaking Off With Intel Just Yet
Friday, January 16, 2015 - 2:51pm | 378There were rumors doing rounds on the Street that Apple Inc. (NASDAQ: AAPL) will stop using Intel Corporation (NASDAQ: INTC) chips for its notebooks in the near future. However, Brian Krzanich, Intel CEO, refuted those rumors on CNBC recently and also opined on how Intel will be a dominant...
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Intel Drops 3% After Q4 EPS Miss
Thursday, January 16, 2014 - 5:26pm | 245Intel (NASDAQ: INTC) is down more than three percent in after hours trading after the company announced its fourth quarter results. The company reported a Q4 EPS of $0.51 versus the Street estimate of $0.52. Earnings per share were up six percent from the year-ago period. Revenue arrived at $13....
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Market Wrap For November 21: Dow Re-Claims 16,000 level On Positive Job Data
Thursday, November 21, 2013 - 5:40pm | 2029Encouraging news coming from the job market was enough to send the major markets higher. Initial Jobless Claims declined 21,000 to 323,000 versus an estimated 335,000. As to be expected, the Senate Banking Panel Voted in favor to approve Janet Yellen as the next Fed Chair. The Dow gained 0....
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iPhone 7 Processor To Be Built By Samsung, Globalfoundries
Thursday, November 14, 2013 - 2:50pm | 572The iPhone 6 is roughly a year away, but that hasn't stopped chipmakers from gearing up for the following generation. Apple (NASDAQ: AAPL) has gained a fair amount of praise for its A7 processor, which can be found within the iPhone 5S, iPad Air and iPad Mini with Retina Display. Samsung (OTC:...