INTC
Intel Jumps 8.6% After Confirming More Data Center Job Cuts
Article Summary
HOLD- Intel Corporation (NASDAQ: INTC) jumped 8.6% after confirming plans to eliminate additional jobs and restructure its data center group, extending a rally that has more than doubled the stock this year as investors responded to signs that Chief Executive Officer Lip-Bu Tan may be making progress with Intel's turnaround.
- Intel did not disclose the number of affected positions but said the changes are part of broader effort to build a more focused and efficient organization, having already eliminated tens of thousands of jobs in recent years reducing workforce to approximately 83,200 employees as of March 28 from more than 130,000 in 2022.
- Intel's data-center group is currently supporting rebound in overall revenue as the company works to meet rising demand for processors used in artificial intelligence data centers, with its Xeon product range playing a growing role in running AI software as companies expand services.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.4% | 25% | 20.0 ptsMinimal (1.4%) - Very weak |
| EPS Growth Next 5Y ? | 82.3% | 25% | 100.0 ptsExceptional (82.3%) - Very high expectations |
| Target Price Upside ? | 7.0% | 20% | 35.0 ptsBelow Screener (7.0%) - Target: $113.09 vs Current: $105.67 |
| Gross Margin % ? | 35.9% | 15% | 60.0 ptsSolid (35.9%) - Decent margins |
| Drawdown from 52-Wk High ? | -25.8% | 15% | 80.0 ptsSolid Dip (-25.8%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About INTC
- Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally.
- It operates through three segments: CCG, DCAI, and Intel Foundry.
- The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services.
- It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools.
- The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners.
- It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers.
- Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem.
- The company was incorporated in 1968 and is headquartered in Santa Clara, California.