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Intel Corporation Nasdaq Global Select
Open: $59 High: $63.95 Low: $56.11 Close: $56.12
Range: 2021-01-21 - 2021-01-22
Volume: 164,035,383
Market: Closed
Powered by Finage Stock APIDelayed data
Intel Corporation 2200 Mission College Boulevard Santa Clara CA, 95054-1549
Intel Corp is the world's largest chipmaker. It engaged in making a semiconductor chip. It designs and manufactures integrated digital technology products like integrated circuits, for industries such as computing and communications.
  • CEO: Robert H. Swan
  • Employees: 102,700
  • Sector: Technology
  • Industry: Semiconductors
Latest news about the INTC
  • Why Intel Stock Spiked, Then Crashed, Last Week After Its New CEO Addressed Investors

    The market didn't appear to like new CEO Pat Gelsinger's "stay the course" strategy, but it's the right move long-term.

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  • Benzinga's Weekly Bulls And Bears: Eli Lilly, Ford, GameStop, Intel, McDonald's And More

    * Benzinga has examined the prospects for many investor favorite stocks over the past week. * The week's bullish calls included aerospace, automaker and pharmaceutical giants. * A leading semiconductor maker and a struggling retailer were among the bearish calls.In a week when much of the nation's attention was on the inauguration of the new president, the main U.S. indexes saw gains, led by the Nasdaq's more than 4% rise. The new administration came out swinging, and it seemed the markets were optimistic. One tech giant even offered to lend a hand to the administration.Meanwhile, earnings reporting season was in full swing, bringing one winner and another last week, but there were big disappointments as well.Elsewhere in corporate America, an aerospace giant scored a big win, the big automakers were positioning themselves for the future, and another video streaming option is preparing to launch.Bitcoin investors watched the cryptocurrency plunge last week as well.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls Priya Nigam's "Berenberg Upgrades Boeing On 737 Max Prospects" discusses how the worst seems to be in the rearview mirror for the 737 Max and what that means for Boeing Co (NYSE: BA) going forward. See why cash generation should greatly improve beginning in 2022.A great week for Ford Motor Company (NYSE: F) got even better on Friday when the stock got a major upgrade from a big name Wall Street bank. Read more about that in Wayne Duggan's "JPMorgan Upgrades Ford: 'Incoming Tide Of Hot New Products'." Find out what factors are working in the automaker's favor."Lilly Awash In Catalysts, Pipeline Updates, Mizuho Says In Upgrade" by Shanthi Rexaline examines why initial top-line data suggests potential for its Alzheimer's treatment to add significant upside to the Eli Lilly And Co (NYSE: LLY) story. Plus, uncertainties related to the U.S. presidential election are now in the past.In Jayson Derrick's "3 Fast-Food Stocks To Own Right Now: Coffee, Pizza And Mickey D's," see why investors seeking exposure to the restaurant space now may want to consider McDonald's Corp (NYSE: MCD) and a couple of other masters of the fast-food experience.In "DraftKings Could Beat Revenue Estimates By 25% Over Next 4 Years: Morgan Stanley," Chris Katje is focused on what the improvement in sports betting and internet gambling means for shares of DraftKings Inc (NASDAQ: DKNG), according to the featured analyst.For additional bullish calls of the past week, also have a look at the following: * After The Hottest Year On Record, 3 Stock Ideas That Are Green For The Planet * Schaeffer's Investment Research: Top 2 Contrarian Stock Picks For 2021 * JPMorgan On Finance Stocks In 2021: Why It's Bullish On Credit Cards, Cautious On MortgagesBears Shanthi Rexaline's "8 Intel Analysts On Q4 Report: Why Some See Difficult Years Ahead For Chipmaker" shows which analysts see earnings stagnation at Intel Corporation (NASDAQ: INTC) and which project it will take years for the company to set right what's wrong.In Wayne Duggan's "Citron's Andrew Left Says GameStop Is 'Pretty Much In Terminal Decline'," see why this famous short seller sees shares of struggling retailer GameStop Corp. (NYSE: GME) dropping to around $20 apiece in the near future.MGM Resorts International (NYSE: MGM) struggles with a complex corporate structure and it lags its peers in certain respects, according to "Bearish MGM Analyst Sees Less Sports Betting Upside Opportunity For Casino Giant" by Priya Nigam."Beyond Meat Analyst: Attractive Growth Story Takes Back Seat To Valuation Concerns" by Jayson Derrick makes the case that the valuation makes it difficult to justify buying Beyond Meat Inc (NASDAQ: BYND) stock now, despite the company's long-term prospects.For more bearish takes, be sure to check out these posts: * Tesla, Bitcoin More Likely To Halve Than Double Value In 2021: Deutsche Bank Survey * UBS On Internet Stocks: Chewy, Fiverr, Peleton Downgraded To Sell, Take-Two Interactive To NeutralAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: Exxon Mobil, GameStop, Intel, 3M, Toll Brothers And More * Notable Insider Buys Of The Past Week: Conagra Brands Plus Plenty Of Biotech Activity(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • BlackRock, Intel, and Other Companies That Raised Their Dividends This Week

    BlackRock, Intel, Fastenal, and CMS Energy were among the companies that announced dividend increases this week.

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  • S&P 500, Dow Stumble, Dragged Down by Blue-Chip Technology Stalwarts IBM, Intel

    U.S. manufacturing activity surprisingly surged to its highest level in more than 13-1/2 years in early January.

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  • Intel Released Its Earnings Results Early. Here’s What We Know.

    The release of Intel’s critical fourth-quarter earnings report wasn’t exactly as smooth a process as the company was likely hoping for.

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  • Stock Market Today: Nasdaq Scratches Out Another Record Finish

    The Nasdaq came out of a mixed day with yet another fresh high. More interesting were Friday's moves by IBM, Intel and GameStop.

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  • US STOCKS-Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise

    The Dow and S&P 500 ended modestly lower on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, as hopes for a full economic reopening in the coming months waned. IBM Corp slumped 9.91% and was the top drag on the Dow Jones Industrial Average after it missed estimates for quarterly revenue, hurt by a rare sales decline in its software unit.

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  • Dow Jones Dips As Intel, IBM Weigh; Nasdaq Hits New High Ahead Of Apple Earnings

    Key indexes finished mixed Friday, as the Nasdaq hit a new high and the Dow Jones Industrial Average closed off the day's lows.

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  • Stock Market Rally Powers To Highs As Netflix, Apple Lead Big Tech Rally; Tesla Model Y Launches In China: Weekly Review

    The stock market hit new highs, as Netflix surged on subscriber gains, with Apple and other big techs rallying too. Tesla Model Y deliveries began in China.

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  • Intel CEO’s New Crusade Pits Investors Against U.S. Interests

    (Bloomberg) -- Intel Corp.’s new Chief Executive Officer Pat Gelsinger wants the company to regain its former glory as the world’s leading chip manufacturer and he says it’s a strategic priority for the U.S.That pits the industry veteran against investors and analysts who are hankering for quick results and think Intel’s bottom line takes precedence.“This is a national asset. This company needs to be healthy for the technology industry, for technology in America,” Gelsinger told analysts late Thursday after pledging to keep most of Intel’s semiconductor production in-house. “It’s an opportunity to help and to unquestionably put Intel and the United States in the technology leadership position.”The stock dropped 9% in New York Friday, its worst day since October, on concern a manufacturing turnaround will take years and cost billions of extra dollars. Some investors had advocated for Intel to outsource more production before Gelsinger revealed his hand.“Catching up is both a long shot and long journey,” Jefferies LLC analyst Mark Lipacis wrote in a note titled “U.S. Semi Manufacturing Crusade = No Quick Turnaround.”Intel will struggle to live up to Gelsinger’s assertion that the company can catch and pass Taiwan Semiconductor Manufacturing Co., the current leader in chip production. However, his rallying cry resonates more with other audiences and may bring Intel allies in the new administration of U.S. President Joe Biden.The chip industry is at the heart of a growing national rivalry between China and the U.S. China is the biggest consumer of semiconductors and the government there has vowed to spend more than $160 billion to create a domestic semiconductor sector. So far, though, it still relies heavily on U.S. chipmakers.That equation has become more complicated amid increasing scrutiny of the global technology supply chain. While many U.S. companies still design advanced chips, they have them made by TSMC in Taiwan.Intel is one of the few remaining chip companies that supply themselves with leading manufacturing. And it still makes many chips in the U.S., with factories in Oregon, Arizona and New Mexico. These components power computers that run or design government encrypted communication, nuclear power plants, military hardware and banking systems.If Intel outsourced production to TSMC -- as some on Wall Street want -- the U.S. would lose a major advanced manufacturing sector and hand more crucial know-how to Taiwan, a country China calls a rogue province that is only 100 miles off the coast of the mainland.Some U.S. lawmakers have begun listening to Intel and other U.S. chip industry players who have argued for years that incentives to keep manufacturing in the country just aren’t enough compared with what’s offered in China and other parts of the world.Last year, a bipartisan bill to provide $50 billion of incentives to build production in the U.S. was proposed. But to put that seemingly staggering amount of money into perspective, earlier this month TSMC said it’s planning to spend as much as $28 billion on new plants and equipment this year.Read more: Chip Industry Wants $50 Billion to Keep Manufacturing in U.S.“What we’ve heard from the U.S. government is, we need access to advanced microelectronics technology and manufacturing here in the U.S.,” Intel’s outgoing CEO Bob Swan told analysts late Thursday. “We need a safe and secure supply chain increasingly here in the U.S.”While improving its own manufacturing, Intel could develop a technology partnership with TSMC and other major operators of chip foundries. TSMC and Samsung Electronics Co. are either working on or considering new factories in the U.S.Read more: Samsung Mulls $10 Billion Texas Plant“This type of a partnership could also leverage new U.S. tax credits for onshore manufacturing for further value creation,” Timothy Arcuri, an analyst at UBS, wrote in a note to investors on Friday.Last year, Biden proposed a 10% “Made in America” tax credit covering projects such as increasing domestic production and retooling or expanding manufacturing facilities.Even U.S. government spending power won’t quickly fix Intel’s main problem: The sheer difficulty of making chips. The tiny squares of silicon are home to billions of tiny switches or transistors. Intel factories in Oregon, Arizona and New Mexico churn out millions of these semiconductors a month. But doing that reliably has become increasingly difficult and TSMC has forged ahead by gaining more experience as the biggest maker of smartphone chips.Semiconductors made using Intel’s latest production technology, called 7-nanometer, won’t arrive until 2023, executives said late Thursday. The TSMC equivalent has been used by Apple to mass produce chips for the iPhone for about a year already.“Even if Intel does successfully execute on 7-nanometer, they are still a node behind TSMC,” said Raymond James analyst Chris Caso. “And we don’t think Intel can deliver leadership products without leadership in transistors because it has never been done before. That keeps Intel behind the industry for four more years.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Intel Stock Is Dropping. Investors Wanted Clarity They Didn’t Get.

    Wall Street wants to know whether the company will make its next-generation chips in-house, but a call with management left that up in the air.

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  • US STOCKS-IBM, Intel slump weighs on Wall St as coronavirus concerns rise

    Wall Street's main indexes slipped on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, as hopes dim for a full economic reopening in the coming months. IBM Corp slumped 9.83% and was the top drag on the Dow Jones Industrial Average after it missed estimates for quarterly revenue, hurt by a rare sales decline in its software unit. Intel Corp shed 8.93% as new Chief Executive Officer Pat Gelsinger's post-earnings comments suggested the lack of a strong embrace of outsourcing.

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  • 2021 and 2022 Look Difficult for Intel, While 2023 -- Might -- Be Better

    Competition from AMD and ARM CPU developers looks set to take a toll over the next two years. But Intel could be in better shape in 2023 if its new CEO is ready to make some tough choices.

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  • 15 Biggest VR Companies in the World

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  • US STOCKS-Wall St slips as IBM, Intel falter after results

    Wall Street's main indexes slipped on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, with concerns about a sharp rise in coronavirus cases also denting sentiment. IBM Corp slumped about 10% and was the top drag on the Dow Jones Industrial Average after it missed estimates for quarterly revenue, hurt by a rare sales decline in its software unit. Intel Corp shed 9% as new Chief Executive Officer Pat Gelsinger's post-earnings comments suggested the lack of a strong embrace of outsourcing.

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  • Dow Slides As Pelosi Gets Set To Trigger Trump Impeachment; Microsoft Passes Buy Point

    The Dow Jones tumbled as it was confirmed Nancy Pelosi will move ahead with the impeachment of former President Donald Trump. Microsoft stock rose.

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  • Why Intel Shares Crashed Today

    The semiconductor giant posted solid quarterly results and strong guidance, but it wasn't all good news.

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  • Samsung Considers $10 Billion Texas Chipmaking Plant, Sources Say

    (Bloomberg) -- Samsung Electronics Co. is considering spending more than $10 billion building its most advanced logic chipmaking plant in the U.S., a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometers in the future, people familiar with the matter said. Plans are preliminary and subject to change but for now the aim is to kick off construction this year, install major equipment from 2022, then begin operations as early as 2023, they said. While the investment amount could fluctuate, Samsung’s plans would mean upwards of $10 billion to bankroll the project, one of the people said.Samsung is taking advantage of a concerted U.S. government effort to counter China’s rising economic prowess and lure back home some of the advanced manufacturing that over the past decades has gravitated toward Asia. The hope is that such production bases in the U.S. will galvanize local businesses and support American industry and chip design. Intel Corp.’s troubles ramping up on technology and its potential reliance in the future on TSMC and Samsung for at least some of its chipmaking only underscored the extent to which Asian giants have forged ahead in recent years.The envisioned plant will be its first in the U.S. to use extreme ultraviolet lithography, the standard for next-generation silicon, the people said, asking not to be identified talking about internal deliberations. Asked about plans for a U.S. facility, Samsung said in an email no decision has yet been made.“If Samsung really wants to realize its goal to become the top chipmaker by 2030, it needs massive investment in the U.S. to catch up with TSMC,” said Greg Roh, senior vice president at HMC Securities. “TSMC is likely to keep making progress in process nodes to 3nm at its Arizona plant and Samsung may do the same. One challenging task is to secure EUV equipment now, when Hynix and Micron are also seeking to purchase the machines.”Read more: Intel Talks With TSMC, Samsung to Outsource Some Chip ProductionIf Samsung goes ahead, it would effectively go head-to-head on American soil with TSMC, which is on track to build its own $12 billion chip plant in Arizona by 2024. Samsung is trying to catch TSMC in the so-called foundry business of making chips for the world’s corporations -- a particularly pivotal capability given a deepening shortage of semiconductors in recent weeks.Under Samsung family scion Jay Y. Lee, the company has said it wants to be the biggest player in the $400 billion chip industry. It plans to invest $116 billion into its foundry and chip design businesses over the next decade, aiming to catch TSMC by offering chips made using 3-nanometer technology in 2022.It already dominates the market for memory chips and is trying to increase its presence in the more profitable market for logic devices, such as the processors that run smartphones and computers. It already counts Qualcomm Inc. and Nvidia Corp. as customers, companies that historically relied on TSMC exclusively. It has two EUV plants, one near its main chip site in Hwaseong, south of Seoul, and another coming online nearby at Pyeongtaek.To close a deal, Samsung may need time to negotiate potential incentives with U.S. President Joe Biden’s administration. The company has hired people in Washington D.C. to lobby on behalf of the deal and is ready to go ahead with the new administration in place, the people said. Tax benefits and subsidies will ease Samsung’s financial burden, but the company may go ahead even without major incentives, one of the people said.Samsung has been looking into overseas chipmaking for years. Intensifying trade tensions between the U.S. and China and now Covid-19 are stoking uncertainty over the reliability and economics of the global supply chain. Plants in the U.S. could help the Korean chipmaker strike better deals with key clients in the U.S., particularly in competition with TSMC.From Microsoft Corp. to Inc. and Google, the world’s largest cloud computing firms are increasingly designing their own silicon to power their vast data centers more efficiently. All need manufacturers like TSMC or Samsung to turn their blueprints into reality.Samsung’s U.S. branch purchased land in October next to its existing Austin fab, which is capable of running older processes. The Austin City Council held a meeting in December to discuss Samsung’s request to rezone that parcel of land for industrial development, according to meeting minutes.The Korean company’s existing Texas facility is too small to to meet increasing orders for outsourced chips coming from Qualcomm, Intel and Tesla, according to research by Citibank. Intel in particular is likely to funnel more orders toward Samsung to offset any reliance on TSMC for its foundry needs, the brokerage said in a report.Late Thursday, Intel’s incoming Chief Executive Officer Pat Gelsinger told investors he was likely to keep most production of the company’s best processors in-house and that the delayed introduction of new manufacturing technology was showing signs of improving. Still, his comments disappointed some investors who have been lobbying for more outsourcing by the world’s largest chipmaker. Intel shares dropped as much as 9% in New York trading Friday, the most since October. Rival Advanced Micro Devices Inc., which relies on TSMC for production, gained as much as 4.8%.Read more: Samsung Intensifies Chip Wars With Bet It Can Catch TSMC by 2022Some analysts question Samsung’s ability to carve out a significant share of a market dominated by TSMC, which is spending a record $28 billion this year to ensure it remains at the forefront of technology and capacity. For its part, Samsung’s semiconductor division spent $26 billion on capital expenditure in 2020, but that’s been largely in support of its dominant memory business and not all of its expertise in making memory is directly relevant to creating advanced logic chips.Processors are more complex to manufacture than memory and their production yields are harder to control and scale up in the same way. Foundry customers also require bespoke solutions, imposing another barrier to rapid expansion and also making Samsung dependent on customers’ designs. But the Korean giant can draw confidence from its work with Nvidia, whose chief executive officer has sung Samsung’s praises in collaborating on the manufacturing for its latest graphics card silicon.(Updates with Intel plans in 14th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Dow Jones Falls As IBM, Intel Dive On Earnings; Apple Nears New Buy Point

    The Dow Jones Industrial Average slid 200 points Friday, as IBM and Intel tumbled on earnings. Apple stock is approaching a new buy point.

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  • Intel Disappoints and Its Stock Suffers

    Shares of Intel Inc. is declining Friday as traders and investors show their disappointment in the company's fourth-quarter 2020 numbers and guidance. In the updated daily bar chart of INTC, below, we can see that the shares gapped higher earlier this month and then stabilized at the higher price level. The Moving Average Convergence Divergence (MACD) oscillator was bullish but today's price action should start to narrow the two moving average lines that make up the indicator.

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