794 views
Despite the good earning results, Intel seems to have delays on the development of a new generation super faster chip setting back the price level to approx. 50 USD.
Based on technical analysis , the best option is to hold and wait if the 50 USD level will work as support for a new rally, otherwise, if the support level of 50 usd will be broken, there might be an option that prices will keep diving down.
Fundamental Analysis:
The future matters more: Intel ( INTC ) posted a strong quarter, too. But the chip maker revealed a huge setback in its push toward seven-nanometer-process technology—raising questions about how a company once revered for its manufacturing brilliance is now considering outsourcing more production to more-capable outside fabs like Taiwan Semiconductor Manufacturing ( TSM ). It’s an embarrassment and a boon for rival Advanced Micro Devices ( AMD ). The lesson? Investors pay for future performance, not past results.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Intel Corporation ("Intel" or "the Company") ( NASDAQ:INTC ) for violations of the securities laws."
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Intel ( INTC ) – Intel reported quarterly earnings of $1.23 per share, 12 cents a share above estimates. The chipmaker’s revenue was above forecasts as well. Intel signaled further delays in a new generation of superfast chips, weighing on its stock and boosting that of rival Advanced Micro Devices ( AMD ), which already has a “7nm” chip on the market.
Based on technical analysis , the best option is to hold and wait if the 50 USD level will work as support for a new rally, otherwise, if the support level of 50 usd will be broken, there might be an option that prices will keep diving down.
Fundamental Analysis:
The future matters more: Intel ( INTC ) posted a strong quarter, too. But the chip maker revealed a huge setback in its push toward seven-nanometer-process technology—raising questions about how a company once revered for its manufacturing brilliance is now considering outsourcing more production to more-capable outside fabs like Taiwan Semiconductor Manufacturing ( TSM ). It’s an embarrassment and a boon for rival Advanced Micro Devices ( AMD ). The lesson? Investors pay for future performance, not past results.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Intel Corporation ("Intel" or "the Company") ( NASDAQ:INTC ) for violations of the securities laws."
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Intel ( INTC ) – Intel reported quarterly earnings of $1.23 per share, 12 cents a share above estimates. The chipmaker’s revenue was above forecasts as well. Intel signaled further delays in a new generation of superfast chips, weighing on its stock and boosting that of rival Advanced Micro Devices ( AMD ), which already has a “7nm” chip on the market.
Comments