Intel Corp (INTC)

[JJ8]

Thanks for your informative post, friend.

Cheers & GLTY

[littlejohn]

INTC has gap down from $29 on 08/02

open after the 08/01 close...

Around $28.9 for those looking closer...

It needs to fill to help the long

term holder's positions...

https://www.barchart.com/stocks/quotes/INTC/interactive-chart/new

Good traders can make .13/share daily

trading this so losing .13/share dividend

quarterly isn't the big hurdle...

Good for bear fodder chat though...

Added a little Wednesday after starter

nibble on Tuesday...

plenty to nibble for many...


so we watch...LJ

[lvhd]

Intel is a great company and way undervalued. I am long too. GL

[JJ8]

No problem for me. Not thinking of selling shares of intc soon.

Not a day trader. Not a short term speculator. That's not my span of interest at all.

GLTA whatever they're doing and make it to mostly end up in profits, at the bottom line.

Whoever is thinking in the very short term and let it impact their decision usually is not a good thing in the stock market.

Hope you're doing fine.

Cheers & GLTY

[lvhd]

In 20.80

[JJ8]

Day order to buy at $21.45 filled. GLTA

PS: Adding more shares in my Port today significantly reduced my average cost per share.

[x993231]

IMO, if the government gets involved, it is not a long bump. Good luck, though.

X

[Greedy G]

~bought 9/27 $27 calls @.05c

[koolmc]

broke 22's and now see if it holds then go time.

[Longer Than Most]

Why do they wait until after market to release this. Just do it during market hours and stop gapping this up. They always want to close gaps. Stupid

[Bull_Dolphin]

posted on Fidelity:

Remark AI Successfully Optimized on Intel Architecture
PR NEWSWIRE 9:00 AM ET 9/17/2024
Symbol Last Price Change
MARK 0.086down 0 (0%)
INTC 20.91down 0 (0%)
QUOTES AS OF 12:00:00 AM ET 09/16/2024
LAS VEGAS , Sept. 17, 2024 /PRNewswire/ -- Remark Holdings, Inc.(MARK) , a leading provider of AI-powered computer vision analytics, smart city, and smart agent solutions and a member of the Intel Partner Alliance , today announced that Remark AI's Smart Safety Platform (SSP) has been successfully optimized for the Intel Architecture.

Introduction to the Smart Safety Platform
Remark AI's Smart Safety Platform (SSP) is a cutting-edge artificial intelligence solution designed to meet the evolving needs of businesses across various industries. By harnessing the power of AI, Remark AI's Smart Safety Platform offers unparalleled efficiency, accuracy, and scalability, enabling organizations to drive innovation and achieve competitive advantages. Key features of the platform include AI-driven video analytics, customizable real-time alerts and notifications, and scalable integration with existing infrastructure, each tailored to enhance operational workflows, data analysis, and decision-making processes.

Optimization on Intel Architecture

To maximize performance and efficiency, Remark AI's Smart Safety Platform has been meticulously optimized for Intel Architecture, leveraging the advanced capabilities of OpenVINO. This optimization ensures that Remark AI's SSP fully utilizes the underlying hardware, resulting in faster processing times, reduced latency, and increased throughput for AI workloads.

The optimization process involved utilizing OpenVINO, which was applied to critical components of the Smart Safety Platform. These enhancements allow the solution to take full advantage of Intel's(INTC) powerful CPUs, and GPUs, making Remark's platform not only more efficient but also more versatile across different deployment scenarios.

Remark AI's Smart Safety Platform has been optimized on the 4th Gen Xeon scalable process with flex 140 GPU, which is renowned for its robust performance and reliability. The 4th Gen Xeon and flex GPU supports an extensive ecosystem of tools and libraries that further streamline the development and deployment of AI solutions, making it an ideal choice for Smart Safety Platform.

[JJ8]

Intel receives some much-needed good news as it reportedly wins new military contract
10:51:56 AM ET, 09/16/2024 - Briefing.com

Badly in need of a win amid a dreadful 2024 that has seen its stock plummet by about 60%, some positive news has finally emerged for beleaguered chip company Intel (INTC). Last Friday night, Bloomberg reported that INTC is in line to secure up to $3.5 bln in federal grants through The Pentagon's "Secure Enclave" initiative, which was created to help lessen the military's dependence on foreign chip manufacturers. By no means is this a game-changer for INTC that wipes the slate clean of all its troubles, but the new military contract is still a welcomed development that should provide its top-line and cash flow with a much-needed boost.

In terms of selecting a domestic chip maker for the Secret Enclave program, the government's options are quite limited. Up to 90% of the world's advanced semiconductors are manufactured in Taiwan -- the bulk of which are produced by Taiwan Semi Manufacturing (TSM) -- and INTC is one of the few, if not the only, chip manufacturer with the scale to meet the government's needs.This positioning has significantly benefitted INTC as the company has already racked up $8.5 bln in federal grants and $11.0 bln in loans through the CHIPS Act in support of its foundry expansion plans. However, INTC still faces a massive funding deficit given that it will need over $100.0 bln in capital over the coming decade to help construct new factories in Arizona, Ohio, New Mexico, Oregon, and abroad.Considering INTC's deep struggles and data center market share losses at the hands of NVIDIA (NVDA) and Advanced Micro Devices (AMD), there is an even greater sense of urgency for the company to shore up its financials. To put INTC's downfall into perspective, the company's cash flow from operations for the six-months ended July 1, 2024, was $1.07 bln compared to $6.7 bln for the same six-month period ended in 2022.On that note, a couple weeks ago Bloomberg reported that INTC is considering splitting its Product and Foundry segments in a shock move meant to help stop the bleeding. In Q2, the Foundry segment, which is core to INTC's "IDM 2.0 strategy", posted an operating loss of more than $(2.8) bln -- more than $1.0 bln worse than the year-ago period. Those mounting losses, combined with deteriorating sales, especially in the Data Center and AI (DCAI) segment (-3% in Q2), prompted INTC to initiate a huge headcount reduction plan of at least 15% of its workforce, which it also suspended its dividend.Whether INTC takes such drastic measures as splitting off the Foundry business remains to be seen, but selling off other non-core assets seems like a very plausible possibility. In fact, in another Bloomberg report from last week, it was reported that INTC is considering selling part of its Mobileye (MBLY) stake. After INTC spun MBLY off in an IPO in October 2022, it retained an 88% ownership stake in the chip maker for autonomous driving technology.

After a barrage of negative headlines over the past few months, there are few companies more in need of a narrative shift than INTC. This new military contract does offer a reprieve, although it doesn't resolve the underlying competitive issues that have engulfed INTC.

[JJ8]

Intel share price has an Ascending Triple Top Breakout today, on 16-Sep-2024.

This follows the Double Top Breakout of Aug. 30 breakout and is positive.

We shall see how this one may help turn around the bad slide.

I'd rather wait before adding more... given my Port circumstance and improved status at this time.

Cheers & GLTA

[koolmc]

22's will be key break here, if it breaks and hold this time chance for 25-30 range.

[aBeezlee]

Govt will bail Intel with taxpayer dollars. Infinite money glitch.

[Koog]

Intel Honesty
Tuesday, September 3, 2024
<snip>

The story Intel — or at least its past management — wants you to believe about mobile is that they foolishly passed up the opportunity to supply Apple’s iPhone, not realizing that the volume would more than make up for the margin hit; in fact, Tony Fadell told me that while Steve Jobs wanted Intel — Apple had just switched to using Intel chips for Macs — Intel chips weren’t competitive:

For me, when it came to Intel at the time, back in the mid-2000s, they were always about, “Well, we’ll just repackage what we have on the desktop for the laptop and then we’ll repackage that again for embedding.” It reminded me of Windows saying, “I’m going to do Windows and then I’m going to do Windows Mobile and I’m going to do Windows embedded.” It was using those same cores and kernels and trying to slim them down…

The mindset at Intel was never about — when they went through that CISC-RISC duality of “Which one are we going to be?”, and they chose CISC, which was the right thing at the time, if you fast forward, they also made that decision, they threw away architectural and they went to more manufacturing. That was the time when they said “We don’t have to worry about all these different product lines to meet all these architectural needs. We’re just going to have Moore’s Law take over” and so in a way that locks you into a path and that’s why Intel, not under the Pat days but previous to the Pat days, was all driven by manufacturing capability and legal. It wasn’t driven by architectural decisions, it was like, “Here’s what we got and we’re going to spread it around and we’re going to keep reusing it”.

In fact, it does go back to the Pat days, specifically CEO Pat Gelsinger’s initial stint at Intel. He was the one that pushed CISC over RISC, arguing that Intel’s CISC software advantage, supported by the company’s superior manufacturing, would ensure that the company dominated microprocessors. And, as Fadell noted, it worked, at least in PCs and servers.

Where it didn’t work was mobile: Intel couldn’t leverage its manufacturing to make x86 competitive with ARM, particularly since the latter had a head start on software; it also didn’t work in GPUs, where Intel spent years trying to build x86-based gaming chips that — you guessed it — were meant to rely on Intel’s manufacturing prowess. GPUs, of course, are the foundation of today’s AI boom, and while Intel bought Gaudi to offer AI chips, they haven’t made a dent in the market — and oh, by the way, Gaudi chips are manufactured by TSMC.

IDM 2.0None of this story is new; I recounted it in 2021’s Intel Problems. My solution then — written shortly after Gelsinger came back to Intel, fifteen years after being passed over for the CEO job — was that the company needed to split up.

Integrating design and manufacturing was the foundation of Intel’s moat for decades, but that integration has become a strait-jacket for both sides of the business. Intel’s designs are held back by the company’s struggles in manufacturing, while its manufacturing has an incentive problem.

The key thing to understand about chips is that design has much higher margins; Nvidia, for example, has gross margins between 60~65%, while TSMC, which makes Nvidia’s chips, has gross margins closer to 50%. Intel has, as I noted above, traditionally had margins closer to Nvidia, thanks to its integration, which is why Intel’s own chips will always be a priority for its manufacturing arm. That will mean worse service for prospective customers, and less willingness to change its manufacturing approach to both accommodate customers and incorporate best-of-breed suppliers (lowering margins even further). There is also the matter of trust: would companies that compete with Intel be willing to share their designs with their competitor, particularly if that competitor is incentivized to prioritize its own business?

The only way to fix this incentive problem is to spin off Intel’s manufacturing business. Yes, it will take time to build out the customer service components necessary to work with third parties, not to mention the huge library of IP building blocks that make working with a company like TSMC (relatively) easy. But a standalone manufacturing business will have the most powerful incentive possible to make this transformation happen: the need to survive.

Two months later and Gelsinger announced his turnaround plan: IDM 2.0. Intel would separate out its manufacturing into a separate division that would serve third parties, but still under the Intel banner. Gelsinger told me in an interview that this was the only way Intel could both be competitive in chips and keep investing in the leading edge; after all, AMD’s spin-off of Global Foundries resulted in the former floundering until they could break their purchase agreements with Global Foundries and go to TSMC, and the latter giving up on the leading edge.

Gelsinger is persuasive and optimistic, and for the last three years I’ve given him the benefit of the doubt. Suddenly, though, a split is back on the table; from Bloomberg:

Intel Corp. is working with investment bankers to help navigate the most difficult period in its 56-year history, according to people familiar with the matter. The company is discussing various scenarios, including a split of its product-design and manufacturing businesses, as well as which factory projects might potentially be scrapped, said the people, who asked not to be identified because the deliberations are private…

A potential separation or sale of Intel’s foundry division, which is aimed at manufacturing chips for outside customers, would be an about-face for Chief Executive Officer Pat Gelsinger. Gelsinger has viewed the business as key to restoring Intel’s standing among chipmakers and had hoped it would eventually compete with the likes of Taiwan Semiconductor Manufacturing Co., which pioneered the foundry industry.

As the article notes, Intel is likely to consider less drastic steps first; Reuters reported that ideas include selling businesses like its Altera programmable chip business and reducing capital expeditures, including axing a proposed foundry in Germany. The company also finally killed its dividend, and is cutting 15,000 jobs, which frankly, isn’t enough; I noted in an Update last week:

Intel ended last year with 124,800 people; to put that in context, TSMC had 76,478 employees and AMD 26,000, which is to say that the two companies combined had fewer employees than Intel while making better x86 chips, an actually competitive GPU, and oh yeah, making chips for everyone else on earth, including Apple and Nvidia. A 15,000 employee cut is both too small and too late.

The fundamental problem facing the company is encapsulated in that paragraph:

Intel doesn’t have the best manufacturing
Intel doesn’t design the best chips
Intel is out of the game in AI
Moreover, the future does not look bright; the problem with Intel’s most recent earnings call was threefold:

Intel’s is technically on pace to achieve the five nodes in four years Gelsinger promised (in truth two of those nodes were iterations), but they haven’t truly scaled any of them; the first attempt to do so, with Intel 3, destroyed their margins. This isn’t a surprise: the reason why it is hard to skip steps is not just because technology advances, but because you have to actually learn on the line how to implement new technology at scale, with sustainable yield. Go back to Intel’s 10nm failure: the company could technically make a 10nm chip, they just couldn’t do so economically; there are now open questions about Intel 3, much less next year’s promised 18A.
Intel is dramatically ramping up its Lunar Lake architecture as it is the only design the company has that is competitive with the Qualcomm ARM architecture undergirding Microsoft’s CoPilot+ PC initiative; the problem is that Lunar Lake’s tiles — including its CPU — are made by TSMC, which is both embarrassing and also terrible for margins.
The third problem is that the goal Gelsinger has been pushing for is the aforementioned 18A, yet Intel has yet to announce a truly committed at-scale partner. Yes, the company is in talks with lots of folks and claims some number of secret agreements, but at this point the foundry strategy needs real proof points; unfortunately Intel itself ramping up on TSMC, even as it loses control of its costs, isn’t exactly a selling point as to why any third-party should put their fortunes in Intel’s hands.
All that noted, my initial response to the meltdown over Intel’s earnings was to defend Gelsinger; what is happening to Intel now is downstream of mistakes that happened years before Gelsinger came back to the company. That remains true, but Gelsinger does have one fatal flaw: he still believes in Intel, and I no longer do.

Market RealitiesHere is the fundamental problem facing Intel, and by extension, U.S. dreams of controlling leading edge capacity: there is no reason for Intel Foundry to exist. Apple, Nvidia, AMD, and other leading edge fabless chip companies rely on TSMC, and why wouldn’t they? TSMC invested in EUV, surpassed Intel, and are spending tens of billions of dollars a year to continue pushing forward to 2nm and beyond. Yes, TSMC priced 3nm too low, but even if the company raises prices for future nodes, as I expect them to, the relative cost matters much less than TSMC’s superior customer services and demonstrated reliability.

The kicker is that the smartest decision for Intel’s own chip unit is to — as they are with Lunar Lake — rely on TSMC’s manufacturing as well. Intel still has advantages in PCs and a dominant position in on-premises and government data centers, but the best way to leverage those remaining areas of strength is to have TSMC make their chips.

This was, for the record, why Gelsinger did have a point in keeping the company together; Intel Foundry needs volume, and the easiest way to get that volume is from Intel itself. However, that by definition is a decision that is not driven by what is best for a theoretical Intel fabless business, but rather the impetus to restore Intel’s manufacturing capability, even as that manufacturing capability is heavily incentivized to cater to Intel’s chip business at the expense of external customers.

Gelsinger’s trump card has been the fact that TSMC is based in Taiwan, which is under continuous threat from China. Indeed, Gelsinger has been quite explicit on this point; from CNA English News in 2021:

Intel CEO Pat Gelsinger said at the Fortune Brainstorm Tech summit in California on Wednesday that the United States government should support a sustainable semiconductor supply chain in the U.S., in part because “Taiwan is not a stable place”…

Asked about the comment, TSMC Chairman Mark Liu (???) said, “there’s nothing that needs to be addressed. TSMC does not speak ill of other companies in the industry,” and added there were probably not many people who believed Gelsinger’s argument. Geopolitical tensions, Liu said, may have a short-term impact, but he believed Taiwan could help create a brilliant decade for the global semiconductor industry, with the best technology and the best manufacturing ecosystem.

Gelsinger made the same point to me in that interview while explaining why Intel needed to stay together:

As we look at this, to me, there is almost a global national perspective to this, in that I deeply believe the West needs a world class technology provider, and I don’t think that splitting Intel in two, that it could survive for many, many, many years till that would become the case, that you could stand that up. Remember, given cash flows, R&D streams, products that enable us to drive that, and I’m committed to go fix it, and I think we’re on a good path to go fix it since I’ve been here as well. So for those three different reasons, we chose the IDM 2.0 path, but it’s not because we didn’t look at the alternative, it’s partially because we did.

This is where everyone who is invested in American manufacturing — or perhaps more accurately, concerned about China’s threat to Taiwan — has to get brutally honest. If the U.S. government and U.S. tech companies want to have a non-Taiwan option, they are going to have to pay for it directly. Yes, the CHIPS Act passed, but while Intel is getting a lot of funds, it’s going to take a lot more — and the price of those funds needs to be a much smarter incentive structure that drives Intel apart.

My proposal back in 2021 was purchase guarantees instead of subsidies, and I am back to thinking that is the only viable path.

That is why a federal subsidy program should operate as a purchase guarantee: the U.S. will buy A amount of U.S.-produced 5nm processors for B price; C amount of U.S. produced 3nm processors for D price; E amount of U.S. produced 2nm processors for F price; etc. This will not only give the new Intel manufacturing spin-off something to strive for, but also incentivize other companies to invest; perhaps Global Foundries will get back in the game, or TSMC will build more fabs in the U.S. And, in a world of nearly free capital, perhaps there will finally be a startup willing to take the leap.

That free capital world is gone, and it’s probably not realistic for a startup to figure out how to manufacture the most complex devices humans have ever produced; the best idea at this point is a new company that has the expertise and starting position of Intel Foundry. Critically, though, it shouldn’t be at all beholden to x86 chips, have hundreds of thousands of employees, or the cultural overhang of having once led the computing world. The best we can do is purchase guarantees — on the order of hundreds of billions of dollars over the next decade — and a prayer that someone can make such an entity stand on its own.

To summarize, there is no market-based reason for Intel Foundry to exist; that’s not a market failure in a purely economic sense, but to the extent the U.S. national security apparatus sees it as a failure is the extent to which the U.S. is going to have to pay to make it happen. And, if the U.S. is going to pay up, that means giving that foundry the best possible chance to stand on its own two feet in the long run. That means actually earning business from Apple, Nvidia, AMD, and yes, even the fabless Intel company that will remain. The tech world has moved on from Intel; the only chance for U.S. leading edge manufacturing is to do the same

https://stratechery.com/2024/intel-honesty/

[alan81]

Interesting times. The Intel product line is stronger than ever with the crop of on time 2024 product releases. Lunar Lake, Arrow Lake, Gaudi 3, Sierra forest, and Granite Rapids are all great leading products. OTOH, the financials are crap. All are too expensive to build based on their selling prices.
Intel needs to downsize to fit their current revenue footprint of $50B to $60B, rather than the $70B to $80B they were sized for.
Intel_18A leading edge fab technology is looking very good for both Panther Lake and Clearwater forest introduction next year. The long term continues to look very rosy, but the manana mantra has worn very thing.

[borusa]

Just when it couldn't get any worse, it gets worse. Soon they will get bounced from the Dow. They can have a sale of assets and if they don't hit a home run in sales, game over. About a year left. glta

[JJ8]

Intel share price had a Double Top Breakout today on 30-Aug-2024.GLTA

[Longer Than Most]

They probably should’ve listened to tan. He says he doesn’t agree with the direction of AI, and the excessive workforce. Start cutting costs and INTC will start to see some support imo

[alan81]

Tan came to Intel from Cadence, a maker of design tools. I don't think he had anything to do with AI.
The press on this is mixed, but according to his resignation letter: he was leaving the board because of a personal decision to “reprioritize various commitments” and that he remained “supportive of the company and its important work,” in a regulatory filing on Thursday.

[TucsonPhil]

So, they are losing their AI board member. I am sure there will be a replacement waiting in the wings.

[JJ8]

Intel share price had a Double Bottom Breakdown yesterday, on 26-August-2024. BLTA

[koolmc]

yep giving this a year will be very surprised if it doesn't get back to at least 30-40 range

[JJ8]

Intel share price Bullish Signal Reversed today on 22-Aug-2024. BLTA

[koolmc]

Trying did get starter position here will eventually turn around in a year or so.

[JJ8]

Short term good news for a change:

Chart shows Intel share price had an Ascending Triple Top Breakout today on 15-Aug-2024.

Will this really help make a change when the Fundamentals are looking good at this time?

We shall see. GLTA

[MrTrader129]

Not a chance.

[ShawnyD]

Intel gonna be the new AOL at this rate

[JJ8]

Breaking News
Market Chatter: Intel's Senior Unsecured Rating Downgraded by Moody's
07:05:24 AM ET, 08/09/2024 - MT Newswires
07:05 AM EDT, 08/09/2024 (MT Newswires) -- Intel (INTC)'s senior unsecured rating was downgraded by Moody's to BAA1 from A3 rating over apprehensions about the chipmaker's profitability, Reuters reported Thursday citing the credit ratings firm.

Moody's also changed Intel's unsecured ratings outlook to negative from stable, while affirming the company's Prime-2 short-term commercial paper rating, the report said.

Moody's said that it expects Intel to face much weaker profitability over the next 12 to 18 months, according to Reuters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

PS:INTC is in a strong bearish trend. Shares are below a declining 200-day moving average and the MACD is beneath its signal line Today's volume is on track to be lighter than usual, with 52,071,111 shares having traded so far. The On Balance Volume indicator (OBV) is bearish. The slope of the indicator is negative and suggests that there is a lack of buying interest.

[JesterMagician68]

This will hit single digits. Once the wave of K series chips fail. It's getting bad.

[JJ8]

Intel share price Double Bottom Breakdown today, on 7-Aug-2024. BLTA

PS: Aug 7 (Reuters) - Intel was sued on Wednesday by shareholders who said it fraudulently concealed problems that led to weak second-quarter results, and prompted the Silicon Valley chipmaker to suspend its dividend and to plan cutting its workforce by 15%.

The proposed class action filed in San Francisco federal court seeks unspecified damages. Intel Chief Executive Patrick Gelsinger and Chief Financial Officer David Zinsner are also defendants. (Reporting by Jonathan Stempel in New York Editing by Chris Reese)

Today's volume was heavier than usual, trading 96,171,318 shares, versus an average of 46,176,950 shares per day during the last twelve months. The On Balance Volume indicator (OBV) is bearish. The slope of the indicator is negative and suggests that there is a lack of buying interest.

[koolmc]

hold 19's and bounce back for short term trade, last time it got this low was during the financial crisis. If it doesn't hold chance for 15-16s

[amc]

Looks oversold here.

[JJ8]

Exciting times. I hope you're making much better these days.

You're ready for the volatility in the markets.

Thanks buddy.

Cheers & GLTY

[Dubster watching]

Good to see you here JJ. Hope you make a bunch!
Blessings

[JJ8]

Chart still in mode of Bullish Signal Reversed since July 19th. I'd like to add for lowering my ave cost.

I'm in no hurry wherever sp goes. Cheers & GLTA

[Stock Guy777]

$20.20 for me

[MrTrader129]

Just curious, how large of an impact did Microsoft’s choice of Snapdragon (instead of Intel) in their new line up have on the recent drop?

[Dubster watching]

I got $19.91 pre-mkt
Flipping cool!

[Moonlazer]

This will be the powerplay of the era when the Nvidia investigation settles and the dust clears. Government contracts and a California Senator leading the charge to strip valuation away from them. Much like they did to Microsoft and fed Macintosh.

Government picking winners and losers, even though all is fair in capitalism. Microsoft lost that battle over 20 years ago. Nvidia will too.

Yeah... This is my long term pick of a lifetime.

[Elcappy1]

Yup

[Elcappy1]

Looking for a dead cat @ 23...

[x993231]

Looks like an insider market play, what say you, only 1k bet here so just a small bet?

X. Anyone,

[Elcappy1]

Did we close a gap from the 20th century?

[Dubster watching]

Shes slipping back down!
Ill hit it again if it falls below the last round.

[Dubster watching]

That was easy. Sold already.

$$

[Dubster watching]

Nice! Catch up with you at the bell.
Check out HIBL for a quick hit today. Good price to consider about now.
Blessings

[Nebuchadnezzar]

also added a small position here $20.73

$21.20
$20.65

[Dubster watching]

$20.55 loaded for a quick flip!
Lol
Shitty chip companies will all burn.