Is Artificial Intelligence Going to Become a Game Changer for Intel Stock?
(NASDAQ: INTC) investors heaved a sigh of relief after the company released its second-quarter 2023 results on July 27 as the semiconductor giant posted a surprise profit and exceeded Wall Street's revenue expectations comfortably.
What's more, Chipzilla's guidance for the current quarter turned out to be better than expected. The company expects revenue of $13.4 billion in the third quarter, ahead of the $13.2 billion consensus estimate. It also expects to post a profit of $0.20 per share as compared to analysts' expectation of a $0.16 per share profit.
Intel's performance was appreciated by investors as the stock jumped nearly 6% following the results. But a closer look suggests that the reason why Intel stock surged after its report may not be enough to support its rally in the long run.
Source Fool.com
Intel Corp. Aktie
Die Intel Corp. Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 38 € für Intel Corp. signalisiert eine deutliche Steigerung im Vergleich zum aktuellen Kurs von 18.94 €.
