3 Things Intel Corp. Earnings Told Us About Its Memory Business
Intel (NASDAQ: INTC) announced a decision to double-down on its non-volatile memory business about two years ago. The company said it would be converting its logic chip manufacturing facility in Dalian, China, into a non-volatile memory manufacturing plant.
The plant, known as Fab 68, is ultimately expected to produce both 3D NAND memory as well as 3D XPoint memory, a technology that the company hopes will dramatically expand its total addressable market in the data center.
Image source: Intel.
Source: Fool.com
Intel Corp. Stock
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Currently there is a rather positive sentiment for Intel Corp. with 27 Buy predictions and 14 Sell predictions.
Based on the current price of 17.74 € the target price of 38 € shows a potential of 114.18% for Intel Corp. which would more than double the current price.
