Intel, chip and hardware stocks
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Northland upgraded Intel to outperform and set a $120 target. Its turnaround is finally taking hold.
Northland Securities’ decision to upgrade Intel (INTC) to “Outperform” and set a $120 price target has added fresh momentum to the chipmaker’s comeback narrative. On Sept. 8, analyst Gus Richard lifted his rating from “Market Perform,
Intel has reportedly abandoned plans to release a Nova Lake-generation desktop processor with a substantially enlarged integrated GPU containing 12 Xe cores. According to information attributed to hardware source Jaykihn,
Intel's long-rumored "big iGPU" version of the upcoming "Nova Lake-S" desktop processor family might not materialize, according to well-known Intel leaker Jaykihn. Intel had been working on a desktop "Nova Lake-S" version with 12 Xe3P cores and a 16-core (4+8+4) CPU cluster,
Shares of Intel (NASDAQ:INTC) are down 6% to $99.67 in early Thursday trading. The move gives back part of a parabolic run that had lifted the stock 188% year to date (YTD) through Wednesday’s close,
Former Apple chip supplier Intel has faced a lot of challenges since Apple ceased to be a client. It struggled to win back some of Apple’s processor manufacturing business, but seems to face one fundamental challenge — trust.