Intel Corporation (INTC)
| Previous close | 35.11 |
| Open | 31.74 |
| Bid | 31.68 x 200 |
| Ask | 31.75 x 1400 |
| Day's range | 30.64 - 32.24 |
| 52-week range | 26.86 - 51.28 |
| Volume | |
| Avg. volume | 47,216,601 |
| Market cap | 135.07B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 79.32 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.50 (1.42%) |
| Ex-dividend date | 06 Feb 2024 |
| 1y target est | N/A |
- Yahoo Finance
Intel CEO confident in its AI future after posting soft guidance
Intel's negative earnings surprise caught a few of the newfound bulls to the story by surprise.
- Yahoo Finance Video
Intel's chip sector strength is undiminished: Strategist
Shares of Intel (INTC) are lower in after-hours trading on Thursday after the company posted its first-quarter earnings, revealing a revenue of $12.72 billion, a gain of 8.8% year-over-year. Revenue narrowly beat estimates of $12.71 billion, however, the company missed out on estimates for its second-quarter forecast, placing revenue between $12.5 billion to $13.5 billion against an expected $13.63 billion. While Intel may be down, some still believe the chipmaker is certainly not out. The Futurum Group Chief Market Strategist Cory Johnson joins Market Domination Overtime to discuss Intel's earnings and how the company may still be able to turn it around. Johnson elaborates on why Intel is in such a strong position: "They have received more money from the CHIPS Act than anyone else out there, so they are in a really strong position building out their facilities all over the country, particularly in Columbus, Ohio... They are clearly pushing ahead really fast... that is good for the foundry business... The foundry business ultimately is going to be very difficult to do, but they're pushing ahead at really having cutting-edge foundry services and as you mentioned, in the angstrom levels at the real cutting-edge, which we haven't had in this country for many, many years." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Microsoft, Alphabet earnings fuel stock rally: Yahoo Finance
All three of the major indexes (^DJI,^GSPC, ^IXIC) are jumping on better-than-expected quarterly results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). The earnings are providing evidence to investors that artificial intelligence is more than hype; there is a lot of cash being spent on the tech. Wall Street is also digesting another inflation report. The core March Personal Consumption Expenditures reading was slightly hotter than expected, but not enough to deter expectations that the Federal Reserve will eventually cut rates. Trending tickers on Yahoo Finance include Intel (INTC), Snap (SNAP), AbbVie (ABBV). Top guests today include: 3:15 p.m. ET - Daniel Yergin, S&P Global Vice Chairman 3:45 p.m. ET - Peter Arment, Baird Senior Analyst and Tony Bancroft, Gabelli Funds Portfolio Manager 4:25 p.m. ET - Robert D'Loren, Xcel CEO 4:35 p.m. ET - Mike Brown, Travel + Leisure CEO
