14 AI News and Ratings Making Waves on Wall Street

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries.

On March 27, Intel’s new CEO Lip-Bu Tan, in his letter to stockholders, acknowledged the company’s challenges while emphasizing opportunities for improvement. His focus is on regaining customer trust, improving execution, and advancing innovation. He highlighted cost-cutting efforts, including a $10 billion savings plan and workforce reduction, to streamline operations while maintaining significant investments.

Intel aims to strengthen its product lineup, with advancements in AI PCs, software partnerships, and upcoming launches like Panther Lake and Nova Lake. The company is also working to regain leadership in data centers with the Xeon 6 portfolio and the upcoming Clearwater Forest. Additionally, Intel is committed to developing a competitive foundry business, ensuring the success of its Intel 18A process, and expanding semiconductor production in the U.S. He further wrote:

“I recognize much work is needed to deliver the kind of results you expect with your investment. The entire leadership team and I are committed to improving our performance and positioning the business for future success. We will do so by putting customers at the center of everything we do — and we are moving ahead with confidence because we have an incredible team of employees that’s up to the challenge.

My pledge to you is that we will continue acting with urgency to strengthen Intel’s competitive position and cultivate a culture of customer-centricity needed to win in our markets. In the process, I’m confident we will deliver a greater return for you, our shareholders.

I am humbled and honored to be Intel’s CEO and appreciate the trust the Board has placed in me to lead our company. Thank you for your investment in Intel.”