12 AI News Investors Probably Missed

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7. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

Intel Corporation (NASDAQ:INTC) creates hardware, including processors and accelerators, to improve performance in AI applications.

On January 28, Tipranks reported that DBS analyst Amanda Tan maintained a Hold rating on Intel (NASDAQ:INTC) with a $24.50 price target. The rating reflects Intel’s mixed performance, as its last financial results met revenue expectations but fell short on earnings due to impairment charges. Intel faces challenges in regaining market leadership, including delays in product launches and operational inefficiencies. The company is also dealing with widening losses in its Foundry division and costs related to its 5N4Y initiatives. While Intel is optimistic about long-term goals, near-term margin pressures persist, and competition from AMD and ARM-based rivals is still strong.

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