Target 24.42Following daily chart, got a long signal from my screener.
Also premarket is up 2% around right now.
TP1 24.42
TP2 26.94
SL stop under 21.22 candle close.
Intelcorporation
Intel stock down 70%...opportunity?Good Morning Testosterone Traders,
Intel has been brought to my attention
Intel stock is down 70% from the pandemic era price of $67 per share , and now actively trading around $21 per share as of this posting.
I am confident to add Intel to my long-term portfolio.
Share your thoughts....
Intel's $3.5 Billion Deal: A New Dawn for the Chip Giant?Intel (NASDAQ: NASDAQ:INTC ) made headlines with its stock climbing 1.22% in premarket trading on Monday, buoyed by reports of a potential $3.5 billion federal grant to manufacture advanced semiconductors for the U.S. Department of Defense. This deal, part of the Pentagon's "Secure Enclave" initiative, could mark a major turning point for Intel as it looks to reclaim its dominance in the global semiconductor space, a market increasingly vital to both civilian and military applications.
Rebuilding with Secure Enclave
The $3.5 billion federal grant Intel is expected to secure is part of the U.S. government's efforts to reduce reliance on foreign semiconductor manufacturers. Intel has emerged as the front-runner for the Secure Enclave program, which focuses on developing chips for military and intelligence use. While foreign competitors like Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung are also constructing U.S.-based plants with the help of the Chips and Science Act, Intel stands out due to its status as an American company with deep ties to national security interests.
The funding will help Intel build and expand its production facilities across multiple states, including Arizona, Ohio, New Mexico, and Oregon, reinforcing its position as a key player in the domestic chipmaking industry. This comes at a time when the U.S. government is laser-focused on revitalizing semiconductor manufacturing and reducing reliance on Asian suppliers, especially in light of recent global supply chain issues and geopolitical tensions.
Intel is also set to benefit from a separate potential $8.5 billion in grants and $11 billion in loans under the Chips Act, further bolstering its financial position. However, the disbursement of these funds is yet to commence, and the current Secure Enclave grant offers a more immediate lifeline.
Intel’s broader manufacturing strategy, however, has not been without its challenges. A disappointing earnings report last month raised questions about CEO Pat Gelsinger’s global investment plans, forcing Intel to reconsider its priorities. Delays or cancellations in overseas projects may ensue, but U.S. facilities, especially those in Arizona and Ohio, are expected to proceed without disruptions.
Signs of a Reversal
From a technical standpoint, Intel's stock has been trading within a falling trend channel for a prolonged period. However, recent price movements suggest that a reversal could be on the horizon. As of Friday’s close, NASDAQ:INTC ended the session up 1.55%, breaking out from the ceiling of a bullish horizontal trend chart pattern. This breakout, combined with Monday's premarket rise, signals growing optimism surrounding Intel's prospects.
The relative strength index (RSI) of 29.51 is another encouraging sign. A low RSI typically indicates that a stock is oversold and could be primed for a rebound. With Intel's RSI not yet entering overbought territory, there is ample room for upward momentum, especially given the positive news cycle around its government contracts and U.S. manufacturing ambitions.
Key support levels for Intel lie around the $30 mark, a crucial pivot point in its long-term price action. Should the stock sustain its current uptrend, a move past $35 could set the stage for further gains. Conversely, if selling pressure resumes, the stock could revisit its recent lows, but the Secure Enclave deal may serve as a buffer against significant downside risks.
The Road Ahead
While Intel’s immediate future looks promising, the road ahead is not without its risks. The company still relies on Taiwan Semiconductor for some of its most advanced chips, a fact that underscores the limitations of its current manufacturing capabilities. Furthermore, Intel's ability to successfully deliver on the Pentagon’s demands will depend on its ability to innovate and scale production, areas where it has struggled in recent years.
That said, Intel’s growing relationship with the U.S. government, bolstered by the Secure Enclave initiative and the Chips Act funding, positions the company well for future growth. As the semiconductor industry continues to evolve, with national security and technological leadership at the forefront, Intel has a unique opportunity to redefine its role on the global stage.
Conclusion
Intel’s $3.5 billion deal with the U.S. Department of Defense signals renewed confidence in the chipmaker's ability to contribute to critical industries. This deal represents a key milestone in Intel’s broader efforts to revitalize its manufacturing capabilities, while the technical outlook hints at a potential reversal in its stock price. With favorable government backing and promising technical indicators, Intel may be on the cusp of breaking out of its prolonged downtrend, offering investors renewed hope for future growth. However, the company’s reliance on external partners and the global competitive landscape remain key factors to watch.
Intel Corporation ($INTC) - Potential Squeeze After Rate CutIntel Corporation ( NASDAQ:INTC ) is setting up for an exciting squeeze potential following an anticipated rate cut. Here's why the technical landscape could be shaping up for a big move:
Fibonacci Support Holding Strong
The stock is currently holding well above the 0.786 Fibonacci retracement level, which is a critical area of support. Historically, holding this level is a strong indicator that a reversal could be imminent. A rate cut would provide a fundamental catalyst to accelerate a recovery from this level, as lower borrowing costs typically improve market sentiment, especially for large-cap tech stocks like Intel.
Worst-Case Scenario: Testing $13–$14 Support
While we are optimistic about the current setup, the worst-case scenario to watch for is a potential retest of the $13–$14 range. This level marks a significant historical support zone and, if touched, could provide a final flush-out of weak hands before the stock rebounds. Should this happen, it would likely signal a capitulation event, paving the way for long-term bulls to step back in at attractive prices.
Squeeze Potential and Rebound Targets
If Intel holds its current Fibonacci support, we could be setting up for a short squeeze driven by fresh liquidity entering the market post-rate cut. With technical and fundamental catalysts aligning, the stock has potential to rally toward the $40+ level over the medium term. This would mark a massive rebound, and a retest of previous highs would not be out of the question.
Key Levels to Watch
Immediate Support: 0.786 Fib level
Worst-Case Support: $13–$14
Upside Target: $40+
Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent!
Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area.
Levels to watch: $30, $26
Keep your long term vision,
Philip - BasicTrading
Intel Faces Potential Exit from the DOW Amid Market StrugglesIntel Corp. ( NASDAQ:INTC ), once a dominant force in the tech industry, now faces the risk of being removed from the Dow Jones Industrial Average (DJIA), a position it has held since 1999. This possible removal could mark a significant blow to Intel’s already tarnished reputation, as the American chipmaker grapples with a host of challenges that have led to a dramatic decline in its stock price.
Declining Performance and Missed Opportunities
Intel's shares have plunged nearly 60% this year, making it the worst-performing stock on the Dow. The company has been struggling to keep pace with its competitors, missing out on major opportunities such as the artificial intelligence boom after passing on an early investment in OpenAI. This misstep, combined with mounting losses in its contract manufacturing unit, has placed Intel in a precarious financial position.
To counter its downturn, Intel has undertaken drastic measures, including suspending its dividend and announcing layoffs that affect 15% of its workforce. However, many analysts believe these steps are not enough to reverse the company's fortunes. Ryan Detrick, Chief Market Strategist at the Carson Group, stated, "Intel being removed was likely a long time coming," highlighting the company’s prolonged struggles.
Implications of Dow Removal
The Dow Jones Industrial Average, unlike the S&P 500, is price-weighted, meaning stock price plays a crucial role in the inclusion of its members. Currently, Intel’s stock price is the lowest on the Dow, making it the least influential component of the index with a meager 0.32% weightage. Intel’s removal would not only be a symbolic blow but could also further depress its share price, which has already plummeted by over 70% from its all-time high in August 2000.
While S&P Dow Jones Indices has not commented on whether Intel’s removal is imminent, the possibility looms larger than ever, with market experts pointing to potential replacements like Nvidia ( NASDAQ:NVDA ) or Texas Instruments ( NASDAQ:TXN ). Nvidia, which has seen a 160% surge in share value this year thanks to its leadership in AI chips, is a strong contender, although some consider it too volatile for the Dow. Texas Instruments, with its stable stock price and significant U.S. production capabilities, could also be a fitting replacement.
Mixed Signals Amid Downtrend
From a technical perspective, Intel’s stock has been exhibiting mixed signals. Despite a brief uptick of 9.49% in Friday's extended trading, the stock has struggled to maintain momentum, down 1.3% in Tuesday’s premarket trading. The Relative Strength Index (RSI) of 45.98 suggests that the stock is not yet oversold but is hovering close to the oversold territory, indicating potential for growth if market conditions improve. A move towards the RSI level of 30 would typically signal oversold conditions and could spark a rebound, but Intel’s current RSI level reflects ongoing uncertainty.
Intel’s chart pattern also reveals a struggling trajectory, with limited bullish indicators. The stock price has been unable to sustain higher levels, reflecting broader concerns about Intel’s future prospects. Investors are keenly watching for signs of stabilization, but the technical outlook remains cautious.
What’s Next for Intel?
Intel’s battle to remain in the Dow highlights broader issues within the company, from strategic missteps to financial woes. The potential removal from the prestigious index underscores the urgent need for Intel to rethink its approach and regain its competitive edge. Whether through revamping its business model, making strategic investments, or improving operational efficiencies, Intel must act swiftly to restore investor confidence.
As the chipmaker faces critical decisions, both technical and fundamental factors will play crucial roles in shaping its future. Investors should closely monitor Intel’s next moves, as the coming months will be pivotal in determining whether Intel can overcome its challenges or continue its slide into obscurity.
The Price of Intel (INTC) Shares Rose By 9.5% in a DayThe Price of Intel (INTC) Shares Rose By 9.5% in a Day
The reason for the optimism is a report from Reuters that CEO Pat Gelsinger is planning to present a comprehensive plan to the board of directors in mid-September:
→ Special attention will be given to reducing capital expenditures, which is part of a broader effort to revitalise the chipmaker, whose shares have experienced a dramatic decline. It’s worth noting that on 2 August, the price of Intel (INTC) shares dropped by 26% in a single day following the release of disappointing quarterly results and projections, which greatly disheartened investors.
→ The plan also considers the sale of businesses, including the Altera division. Reportedly, Intel has enlisted Morgan Stanley and Goldman Sachs to advise on the sale of these assets.
→ Additionally, Intel aims to reduce its workforce by more than 15%, with the majority of the cuts expected to be completed by the end of 2024.
Investors were encouraged by the news that the management is ready to take decisive action. As Gelsinger recently stated, "We respect the scepticism we’ve received from the market. We believe we’re ready to meet the challenge."
Technical analysis of the INTC stock chart indicates that:
→ Since 2021, the price has been in a downtrend, indicated by the descending channel on the chart. The lower boundary of the channel acted as resistance, halting the price decline in August.
→ The W-shaped formation that has developed over the past month is a type of bullish double-bottom pattern, which is reinforced by the psychological level of $20.
→ Yesterday’s trading opened with a bullish gap, and during the session, the price rose above the highs set after 2 August.
Thus, the price action suggests that market participants are hopeful that Intel will overcome its challenges. It is possible that, in light of the news related to the comprehensive plan to improve the company’s efficiency, the price could reach the $25 level.
According to the average estimates of analysts surveyed by TipRanks, the target price for INTC is $27.32 over the next 12 months. Only 1 out of 32 analysts recommends buying INTC shares.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
INTEL SHORT TRADE : 22% Gain - All Profits Done and Dusted!INTEL SHORT TRADE
Short entry at: 34.74
Stoploss: 35.95
Profit targets:
TP1: 33.24
TP2: 30.81
TP3: 28.39
TP4: 26.89
All targets done - INTEL!
Please follow for more analysis, tips and trade setups.
Technical Analysis on Intel (INTC)Using long-term volume analysis with the Volume Profile, we observe that Intel's ( INTC ) current price has moved below a significant monthly Point of Control (POC). To gain a clearer perspective, it will be crucial to wait for the monthly close to determine whether the price remains above or below this POC level.
By zooming in to the daily or H4 timeframe, we notice a potential rounding formation in both the candlesticks and volume, indicating a possible shift in trend direction.
Bullish Scenario:
To confirm a bullish scenario, it will be necessary to wait for a monthly close above the POC. This signal will be strengthened if the volumes increase as well.
Bearish Scenario:
If the price stays below the POC, the bearish scenario suggests potential targets, as illustrated in the image below. It may be possible to consider short entries at the levels indicated as Target 2 and Target 3.
Intel Stock Surges Over 8% Amid Strategic ExplorationOverview:
Intel Corporation (NASDAQ: NASDAQ:INTC ) saw its stock rise more than 8% in early trading on Friday, sparking optimism among investors weary of the chipmaker’s prolonged slump. The surge followed reports that Intel is working with investment bankers to explore strategic options, including a possible business split or merger. This news arrives as the company grapples with financial setbacks and struggles to catch up with competitors like Nvidia and AMD in the AI-driven chip market.
Strategic Moves to Reignite Growth:
According to Bloomberg News, Intel (NASDAQ: NASDAQ:INTC ) is considering a range of options that could fundamentally alter its business structure. Among the possibilities is the separation of its flagship product division from its loss-making manufacturing unit, which has been a drag on overall performance. Intel’s efforts to expand its foundry services and chip production capabilities have strained its finances, prompting the company to reevaluate its investment priorities. The company is also reportedly contemplating the cancellation of some factory projects, a move that would help alleviate capital expenditures and refocus resources on more profitable ventures.
These potential changes come as Intel’s market value recently dipped below the $100 billion mark, a first in three decades. The strategic review, which involves financial advisors like Morgan Stanley, reflects Intel’s urgency to regain investor confidence and reposition itself in a competitive market increasingly dominated by rivals.
Fundamental Analysis:
Intel’s recent struggles are well-documented, with the stock plummeting nearly 60% this year alone. The downturn has been exacerbated by a disappointing earnings report in August, a decision to pause dividend payments, and a series of layoffs impacting 15% of its workforce. These challenges highlight Intel’s ongoing difficulties in executing its turnaround plan under CEO Pat Gelsinger.
Despite the headwinds, Intel’s decision to explore strategic alternatives could mark a pivotal moment for the company. A split or divestiture of underperforming units may unlock value and allow Intel to focus on core competencies, such as chip design and innovation. The company’s latest developments also coincide with Gelsinger’s commitment to launching next-gen processors like the Lunar Lake, which are expected to enhance Intel’s position in the laptop market.
However, the path to recovery won’t be easy. Intel continues to lag behind Nvidia and AMD, especially in the AI chip space, where both competitors have gained substantial market share. Nvidia’s dominance in GPUs, which are critical for AI applications, has left Intel struggling to stay relevant in an industry that is rapidly evolving.
Technical Analysis:
From a technical perspective, Intel’s stock is showing signs of a potential bullish reversal. As of this writing, the stock is trading up 9%, with a Relative Strength Index (RSI) of 45, indicating it is neither overbought nor oversold and suggesting room for additional upward momentum. The daily price chart reveals a gap-down pattern that Intel appears poised to fill, which aligns with common trading strategies that anticipate price recovery in such scenarios.
However, caution is warranted as Intel’s stock is currently trading below key moving averages, including the 50-day, 100-day, and 200-day Moving Averages (MA). This positioning underscores the stock’s ongoing challenges and serves as a reminder that while the recent rally is encouraging, the overall trend remains bearish.
Investor Sentiment and Market Impact:
Investor sentiment around Intel (NASDAQ: NASDAQ:INTC ) has been decidedly bearish for much of 2024, with many attributing the company’s decline to missed opportunities in the AI boom and operational missteps. Intel’s consideration of strategic options is seen as a proactive step to address these concerns, and the initial market reaction suggests that investors are hopeful about the potential outcomes.
Analysts note that a split or divestiture could provide Intel with much-needed focus and financial flexibility, allowing it to better navigate the competitive landscape. The company’s ability to pivot and implement these changes effectively will be crucial in determining its future trajectory.
Conclusion:
Intel’s exploration of strategic alternatives has provided a glimmer of hope for investors amid a challenging year. While the stock remains under pressure, both technically and fundamentally, the proactive steps being taken by management signal a willingness to address longstanding issues. With room for growth indicated by technical indicators and the potential for significant business restructuring, Intel’s future will largely depend on its execution of these strategic options.
For now, the market’s positive response reflects cautious optimism that Intel can turn the corner and reestablish itself as a formidable player in the semiconductor industry. Investors should keep a close watch on the upcoming board meeting in September, where Intel’s advisors are expected to present their recommendations—a pivotal moment that could shape the company’s direction for years to come.
Intel | INTC | Long at $20This is going to be purely about technical analysis since Intel NASDAQ:INTC has a 90x P/E and has not proven themselves to be a viable challenger in the semiconductor market (yet...). Bad news could continue to destroy this ticker, but without that news, there could be some recovery in the near term.
The NASDAQ:INTC chart is in an overall downward trend. However, based on a few of my selected simply moving averages (SMAs), there is some predictability around support/resistance areas. Some of my favorite setups are a nice bounce on the lowest (green) selected SMA, occurring in October 2022 for a "rip then dip" to the second lowest (blue) - which it hit now. Often, but not always (I can't stress this enough), this green to blue SMA bounce represents a very strong support area during a downward trend. The other move is a further dip to retest the green SMA, but I suspect that would come with tremendously bad news for Intel... let's hope not, though.
Currently, NASDAQ:INTC is in a personal buy zone at $20.00 based on technical analysis only. A stop has been set if it drops below the blue SMA (which is may further test).
Target #1 = $28.00
Target #2 = $32.00
Target #3 = $60.00+ (very long-term, but high-risk unless fundamentals change)
Intel - Is this for real?NASDAQ:INTC created a top formation and is dropping hashly ever since - be careful!
Click image above to see detailed analysis
Catching falling knifes will go wrong 9 out of 10 times and you will cut yourself very badly. Just in a couple of months, Intel is down about -65% and is not slowing down at all. This honestly seems like the possibility of bankruptcy is not that far away and investors and trader should be extra careful. We have support coming soon, but the question is: will it stabilize price?
Levels to watch: $18
Keep your long term vision,
Philip - BasicTrading
Intel Shares Plummet 28% Amid Disappointing Q2 EarningsIntel Corporation ( NASDAQ:INTC ) witnessed a staggering 28% drop in its stock price on Friday, sending shockwaves through the semiconductor industry and contributing to a broader tech sector decline. The company's disappointing second-quarter earnings report, coupled with a significant workforce reduction plan, has raised serious concerns about its future prospects.
A Stark Earnings Miss and Workforce Reduction
Intel's Q2 earnings report fell significantly short of expectations, sparking a steep decline in its stock price. The company reported a substantial earnings miss and revealed plans to lay off more than 15% of its employees as part of a $10 billion cost-reduction strategy. This announcement marks one of the most severe stock declines for Intel in recent history, reminiscent of the tech bust of 2000.
The semiconductor giant's revenue and profit figures for the June quarter were notably below analyst estimates, exacerbating investor anxiety. The company's decision to implement significant layoffs underscores the challenging landscape it faces as it struggles to compete with rivals who are capitalizing on the AI boom.
Global Semiconductor Stocks Take a Hit
Intel's dismal performance had a ripple effect across the global semiconductor industry. Major Asian and European chipmakers saw their stock prices tumble in response. Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung, two of the world's leading semiconductor companies, experienced notable declines of 4.6% and over 4%, respectively. SK Hynix, a key supplier to Nvidia, closed more than 10% lower, highlighting the widespread impact of Intel's struggles.
In Europe, semiconductor firms such as ASML, ASMI, STMicroelectronics, and Infineon also faced significant losses. ASML, which provides essential tools for chip manufacturing, saw its shares drop by over 8%, while ASMI fell by 9%. The negative sentiment surrounding Intel's results further fueled the global sell-off in tech stocks.
Broader Market Impact
The repercussions of Intel's disappointing earnings were felt across the broader market. The Nasdaq 100 index, heavily weighted with tech stocks, was particularly affected, dragging down overall market performance. The VanEck Semiconductor ETF, which tracks major names in the semiconductor sector, closed roughly 6.5% lower on Thursday.
Adding to the market's woes, U.S. stock futures saw significant declines on Friday. Dow Jones Industrial Average futures dropped 317 points (0.8%), S&P 500 futures decreased by 1.1%, and Nasdaq 100 futures fell by 1.8%. The anticipation of a critical July payrolls report further contributed to the cautious market sentiment.
A Mixed Picture for the Semiconductor Sector
Intel's struggles come amid a mixed performance across the semiconductor sector. While companies like Nvidia and AMD continue to thrive due to the AI boom, others like Qualcomm and Arm are yet to see similar benefits reflected in their financial results. This divergence underscores the varied impacts of AI investments within the industry.
Nvidia, in particular, faces additional scrutiny as the U.S. Department of Justice (DOJ) investigates potential antitrust violations related to its dominance in the AI chip market. Despite these challenges, Nvidia maintains that it competes based on decades of investment and innovation, and is prepared to cooperate with regulators.
Intel's Strategic Vision and Challenges
Despite the grim immediate outlook, Intel's CEO Pat Gelsinger remains committed to the company's long-term strategy. Gelsinger reiterated Intel's ambitious "5 nodes in 4 years" plan, aimed at advancing its foundry business and catching up with TSMC. This initiative includes the critical 18A process node, which is expected to power some of Intel's most important products in the coming years.
Technical Outlook
Intel stock ( NASDAQ:INTC ) has dropped 29% and currently has a Relative Strength Index (RSI) of 16.66, indicating it is oversold, with potential for further decline to an RSI of 10 due to a significant downward gap on the daily price chart. You can exploit these gaps through various strategies, such as buying after-hours following positive fundamental reports to anticipate a gap up, or entering positions at the start of price movements.
Conclusion
Intel's latest earnings report has cast a shadow over the semiconductor industry, triggering a substantial sell-off and raising questions about the company's future. While Intel's long-term strategy shows promise, the immediate challenges and market reaction underscore the difficulties it faces in navigating the competitive landscape. As the tech sector grapples with these developments, all eyes will be on Intel's next moves and their potential impact on the broader market.
Triple bottom signals reversal on Intel?Is this a breakout for intel after forming a 6 month triple bottom?
Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years.
A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.
Levels to watch: $30, $45
Keep your long term vision,
Philip - BasicTrading
INTC - What It will look like if it doesn't turn Bearish This green curve on INTC may create a temporary support for price allowing the bull run to continue
I expect a double bottom if this occurs and then a bull move up towards the orange dotted line.
If the green line breaks it looks more bearish than bullish.
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce.
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Keep your long term vision,
Philip (BasicTrading)
Intel - Stop the bleeding!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally.
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Keep your long term vision,
Philip (BasicTrading)
Intel Stock: Quantum Leap in Technology, Potential Takeoff for IThesis: Intel's recent breakthrough in silicon spin qubits has the potential to revolutionize quantum computing. This advancement could lead to high-volume production of miniaturized quantum processors and interconnected processor networks, significantly boosting Intel's stock price.
Key Points:
* Intel achieved **99.9% gate fidelity** in silicon-based quantum processors, a significant milestone for scalable and fault-tolerant quantum computers.
* This breakthrough leverages Intel's expertise in CMOS manufacturing, enabling **mass production** of quantum processors on a single chip.
* Intel envisions a network of interconnected processors, creating a stable and powerful quantum computing platform.
* Democratization of quantum computing on silicon could benefit the entire industry and unlock new possibilities.
Investment Recommendation:
* **Long INTC** with entry at $32.80.
* Price targets range from $34.61 to $70, with potential for significant upside.
* Stop-loss recommendation at $24.63 for risk management.
Why This Matters to Traders:
* Intel's leadership in quantum computing positions them for major growth in a rapidly developing field.
* The potential applications of quantum computing are vast, impacting various industries and sectors.
* Early investment in Intel could provide substantial returns as quantum computing matures.
WSJ Reports Intel Set for $11 Billion Deal With ApolloIntel ( NASDAQ:INTC ) is in advanced talks for a $11 billion deal with Apollo Global Management to build a facility in Ireland. The move comes as Intel ( NASDAQ:INTC ) plans to expand its presence across the United States with a $100-billion spending spree across four states to boost its manufacturing business and catch up with chipmaking rival TSMC. Intel and Apollo are in exclusive talks for the deal, which could be signed in the coming weeks.
Other investment firms including KKR and infrastructure investor Stonepeak were also in the running before Apollo recently pulled ahead. Intel forecasted second-quarter revenue and profit below market estimates last month due to weak demand for its traditional data center and personal computing chips. The company announced plans in 2022 to build chip factories in Ireland and France to benefit from easier European Commission funding rules and subsidies.
Technical Outlook
Intel Corp ( NASDAQ:INTC ) stock is up 3.58% trading below the 200, 100, and 50-day Moving Averages (MA) respectively. Despite the recent development, Intel Corp stock ( NASDAQ:INTC ) has a weak Relative Strength Index (RSI) of 32.62, poised for further growth.
Intel - What is going on?Hello Traders and Investors, today I will take a look at Intel Corporation.
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Explanation of my video analysis:
In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a strong (short covering rally). At the moment Intel just rejected previous structure and is now in a massively bearish market soit is best to just wait for this volatility to calm down.
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Keep your long term vision,
Philip (BasicTrading)
Intel stock Dips as US Slaps Restrictions on Chip Sale to ChinaIntel Corp ( NASDAQ:INTC ) has revised its current-quarter revenue guidance after the US Department of Commerce revoked certain licenses for exporting certain items to a Chinese company. The move comes amid U.S. alarm at Huawei's ability to develop advanced chips, as demonstrated in the Mate 60 Pro smartphone released in August, despite sweeping export controls introduced in 2022. The revoked licenses are the latest tit-for-tat between Washington and Beijing over the sale of advanced semiconductors to China by U.S. firms. The Biden Administration has been putting limits on the sale of such chips, citing national security concerns, while last month, China reportedly told its telecom companies to phase out the use of foreign semiconductors.
Intel ( NASDAQ:INTC ) did not disclose who the Chinese company was, but the Financial Times reported that the Biden administration had revoked export licenses that allowed both the U.S. firm and domestic rival Qualcomm (QCOM) to supply chips to Chinese telecom-equipment maker Huawei. The move affects the supply of chips for Huawei’s laptop computers and mobile phones. The move comes amid U.S. alarm at Huawei’s ability to develop advanced chips, as shown in the Mate 60 Pro smartphone released in August, despite sweeping export controls introduced in 2022.
The revoked licenses are the latest tit-for-tat between Washington and Beijing over the sale of advanced semiconductors to China by U.S. firms. The Biden Administration has been putting limits on the sale of such chips, citing national security concerns, while last month, China reportedly told its telecom companies to phase out the use of foreign semiconductors. Intel shares were down 2.9% at $29.80 on Wednesday afternoon after the company said it expects revenue for the second quarter to remain in the range of $12.5 billion to $13.5 billion, but below the midpoint. Intel ( NASDAQ:INTC ) shares have lost nearly 38% so far this year.
Intel Plummets 13% in Almost Four Years After Tepid ForecastIntel Corp., ( NASDAQ:INTC ) the biggest maker of personal computer processors, Plummeted by over 13% the most in almost four years on Friday Market trading after giving a weak forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry.
The Sales in the second quarter will be about $13 billion, the company said in a statement Thursday. That is an average analyst estimate of $13.6 billion.
Chief Executive Officer Pat Gelsinger signals a push to regenerate Intel ( NASDAQ:INTC ) back to its feets. Once the world’s dominant chipmaker, the company is lagging behind rivals such as Nvidia Corp. and Taiwan Semiconductor Manufacturing Co. in revenue and technological know-how.
Business has been slower than for Intel Corp ( NASDAQ:INTC ) Chief Financial Officer Dave Zinsner said he expected an improvement later this year. Intel ( NASDAQ:INTC ) also wasn’t able to meet all the demand for processors used in new AI-enabled PCs because its packaging facilities weren’t able to produce enough components.
Intel ( NASDAQ:INTC ) shares fell as much as 13% in New York to $30.64, the biggest intraday decline since July 2020. The stock had already declined 30% this year through the close on Thursday, making it the second-worst performer on the Philadelphia Stock Exchange Semiconductor Index.
In the First quarter, the California-based company had a profit of 18 cents a share, excluding certain items, and revenue of $12.7 billion. Analysts had estimated a profit of 13 cents a share and sales of $12.7 billion.
The chipmaker is reporting earnings for the first time under a new business structure that shows the financial performance of its manufacturing operations. Gelsinger has said the approach is a necessary step to make operations more efficient and competitive. Intel ( NASDAQ:INTC ) also has been building up a foundry business, which manufactures components for outside companies on a contract basis.
This month, the company gave investors the first look at the financial state of its factory network. Spending on new plants has caused losses to widen, and Intel ( NASDAQ:INTC ) doesn’t expect the business to reach a break-even point for several years.
Intel Foundry, the new division responsible for manufacturing, had sales of $18.9 billion in 2023, down from $27.5 billion the previous year. The unit had revenue of $4.4 billion in the first quarter of 2024.
The foundry business had an operating loss of about $2.5 billion in the first quarter, wider than the losses posted in the preceding quarter and the one a year earlier.
The company’s PC-related chip sales were $7.5 billion, compared with an average estimate of $7.4 billion. Its data center and AI division had revenue of $3 billion, in line with Wall Street projections. Networking chips provided nearly $1.4 billion of sales, beating an average estimate of $1.3 billion.
Gross margin — or the percentage of sales remaining after deducting the cost of production — was 45.1% in the quarter. That closely watched measure, which reflects the efficiency of Intel’s manufacturing operations, will be 43.5% in the current period. Historically Intel has posted margins of more than 60%.
Intel ( NASDAQ:INTC ) remains optimistic about the second half of the year because it’s rolling out a new version of the Gaudi chip — its answer to the red-hot AI accelerators sold by Nvidia. That product line will bring in about $500 million in sales this year, once the latest version goes on sale, Intel projected.
Zinsner said "Intel Corp ( NASDAQ:INTC ) is also making progress at reining in costs and expects the manufacturing business to break even in the “next couple of years,”.
Gelsinger said the company has signed up another customer for a production technology called 18A, which Intel ( NASDAQ:INTC ) will introduce in 2025. That brings the total to six. The customer, which Intel didn’t identify, is in the aerospace-defense industry and wants production located in the US, Gelsinger said.
Technical Outlook
Intel Corp ( NASDAQ:INTC ) stock was down by 11% on Friday market trading below the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 23 indicating an oversold condition for the ticker.
