Wedbush forecasts Intel will exceed second-quarter expectations, driven by strong server demand and rising chip prices, with data center sales up 10% quarter-on-quarter and 40% year-on-year. Despite this, Wedbush maintains a neutral rating and a $60 price target, 37% below Intel's current $95 share price, citing the stock's high valuation compared to historical norms and peers. The broker notes that while Intel's margins and revenues are likely to outperform guidance, the stock remains sensitive to market sentiment and broader industry concerns such as geopolitical tensions and inflation. Intel's potential cost reductions from job cuts may further boost its financials, but the elevated valuation makes it more susceptible to market swings than competitors like Taiwan Semiconductor or Nvidia.
Intel reported its strongest revenue growth in over 15 years, fueled by rising AI demand, better manufacturing yields, and improved pricing. The company raised capital expenditure plans due to long-term customer commitments, signaling demand-driven c...
Tesla and SpaceX announced plans to build Terafab, a large advanced semiconductor factory in Grimes County, Texas, with an initial $16.8 billion investment. The facility will be the largest manufacturing building on Earth, spanning over 100 million s...
SoftBank reported a fiscal Q1 net profit of 347.3 billion yen ($2.2 billion), surpassing analyst expectations of 120.23 billion yen, despite an 18% year-on-year decline. The profit was driven by a 1.3 trillion yen ($8.2 billion) gain from its stake i...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF gained 460.92% over the past year, far exceeding the 126.59% rise of its underlying semiconductor index due to daily compounding in a trending market. However, recent volatility showed the ri...
The Open Secure AI Alliance (OSAA), led by Nvidia and comprising over 120 companies, has created the Shared AI Findings Exchange (SAFE) to improve AI cybersecurity. The group, managed by The Linux Foundation, presented proposals for confidential inci...
