Intel's Q2 Results Get Mixed Reactions From 4 Analysts: 'AI Contribution Remains Modest'
Portfolio Pulse from Chris Katje
Intel Corporation (NASDAQ:INTC) reported strong Q2 results, with mixed reactions from analysts. Bernstein analyst Stacy Rasgon raised the price target from $32 to $34, while Needham analyst Quinn Bolton raised it from $36 to $40. KeyBanc Capital Markets analyst John Vinh noted solid results but no price target, and Rosenblatt analyst Hans Mosesmann maintained a Sell rating with a price target of $17. The company's AI contribution remains modest, with a pipeline of over $1B. Intel shares are up 4.86% to $36.24 on Friday.
July 28, 2023 | 3:04 pm
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Intel reported strong Q2 results, with mixed reactions from analysts. The company's AI contribution remains modest, with a pipeline of over $1B.
Intel's strong Q2 results have led to mixed reactions from analysts, which could lead to volatility in the stock price. The company's modest AI contribution, despite a pipeline of over $1B, could be a potential area of concern for investors.
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