Intel company headlines, earnings, strategy, leadership, and market-moving business updates.
Market data may be delayed. For informational purposes only. Not investment advice.
Intel shares closed at $89.47 on Aug. 28, down 2.85% from the prior session, a decline that exceeded the movement of the broader market in the same period.
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THE APEX TIMES
Shares of Intel and other chip-related companies jumped in an afternoon session after Nvidia reported results that investors interpreted as supportive for artificial intelligence spending.
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Kasm says it will roll out an enterprise path for running “private, local” artificial intelligence using Intel Xeon 6 processors with AMX through Kasm AI Workspaces.
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A recent market valuation review of Intel’s stock found a roughly fair intrinsic estimate, but a separate market-multiple view pointed to potential room for gains.
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On its earnings call, CFO Colette Kress argued Nvidia’s reported gains tied to equity investments should be viewed through the lens of performance and valuation changes, while skeptics question the way some deals are structured.
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A deal reported by the Financial Times says Higgsfield raised $400 million at a $5.4 billion valuation, with Goldman Sachs and Intel among the investors.
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In an August 24 Mad Money segment, a caller asked whether to add to an Intel position after a decline, prompting Cramer to point to government involvement as part of his framing.
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Chief financial officer David Zinsner linked the company’s recent funding to higher capital expenditures and supply-chain investments as Intel pushes its manufacturing roadmap, including “14A,” to meet growing demand for AI chips.
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Traders are watching Nvidia ahead of earnings, while Intel’s stock tests a technical support area and Super Micro Computer appears to be consolidating below a nearby resistance band.
