Previous close | 34.28 |
Open | 34.80 |
Bid | 34.47 x 2600 |
Ask | 34.55 x 5500 |
Day's range | 34.34 - 35.18 |
52-week range | 26.86 - 51.28 |
Volume | |
Avg. volume | 48,210,011 |
Market cap | 146.862B |
Beta (5Y monthly) | 1.01 |
PE ratio (TTM) | 86.25 |
EPS (TTM) | 0.40 |
Earnings date | 25 Apr 2024 |
Forward dividend & yield | 0.50 (1.45%) |
Ex-dividend date | 06 Feb 2024 |
1y target est | 43.98 |
Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
Republican China hardliner Marco Rubio is calling on the Biden administration to block all sales to Huawei after the sanctioned Chinese tech company released a new AI-enabled laptop powered by an Intel AI processor chip. The release of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor, last week drew fire from Republican lawmakers, who said it suggests that the Commerce Department had given the greenlight to Intel to sell the chip to Huawei.
Intel stock bulls will need to remain patient, with multiple quarters to go before the chip company gains traction for a bet-the-company push to compete with Taiwan Semiconductor Manufacturing and Samsung in the chip-manufacturing business. Meanwhile, Intel’s first-quarter-earnings report, due after the close of trading Thursday, could show signs of improving demand from the PC segment. Citi analyst Christopher Danely, while maintaining a Neutral rating on Intel shares, recently launched an “upside catalyst watch” on the stock, which is down 32% year to date, largely due to recent disclosures of larger-than-expected losses on the company’s foundry business.