Did Amazon Just Save Intel Stock?
At current prices, it is hard to value Intel stock. The company is going through a heavy investment cycle and is currently unprofitable. It trades at a market cap of $88.6 billion, which looks cheap compared to its historical cash-flow generation of over $10 billion per year before its competitive struggles.
Intel still makes the majority of processors at the heart of PCs, laptops, and servers, but that’s not enough to appease investors.
The company also said it had a new "multiyear, multibillion-dollar framework covering product and wafers" with Amazon.com Inc.'s (AMZN) Amazon Web Services. Intel shares ended the week up 11.1% ...
Yet its foundry business has shown potential for improvement. Intel will turn that business into a separate subsidiary, ...
Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary ...
We have tripled our deal pipeline since the beginning of the year,” CEO Pat Gelsinger said of Intel Foundry’s business in a ...
The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently ...
Average paychecks, particularly for lower-income Americans, have also risen sharply since the pandemic, which has allowed ...
Intel's Amazon Partnership Fails to Impress Wall Street, Analysts Remain Cautious on Foundry Spinoff
Intels recent announcement of a multi-billion-dollar Amazon partnership sparked an 8% jump in its share price. However, major ...
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