15 AI News You Should Not Miss

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9. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75

Intel Corporation (NASDAQ:INTC) is an American multinational corporation and technology company that designs, develops, manufactures, markets and sells computing and related products and services. Once a very important chip company, Intel is leveraging its established presence in data centers to support the growing demand for AI applications.

Intel Corporation (NASDAQ:INTC) will release its third-quarter financial results on October 31, after the closing bell. On October 29, Rosenblatt Securities reiterated its “Sell” rating on Intel with a price target of $17.00. Analyst Hans Mosesmann expects Intel to report results that meet expectations due to the stabilization of the PC market. However, the company is losing market share to Advanced Micro Devices in the lucrative data center sector. The analyst also lacks confidence in the out-quarter estimates, as the company struggles to catch up with the current AI cycle as it works to improve its CPU roadmap and the Intel Foundry business, among other challenges.

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