Intel Analysts Aren't Totally Impressed By Q3 Results: Nvidia May Be A Customer 'At Some Point'
Portfolio Pulse from Priya Nigam
Intel Corporation (NASDAQ:INTC) reported healthy Q3 results, leading to a rise in its shares. Analysts from Bank of America Securities, Morgan Stanley, Goldman Sachs, Needham, Oppenheimer, and KeyBanc Capital Markets provided their takeaways from the earnings release. While some analysts maintained their ratings and adjusted price targets, others expressed concerns over the company's costs and lack of profits. Nvidia Corp (NASDAQ:NVDA) was mentioned as a potential future customer.
October 27, 2023 | 3:46 pm
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Intel's Q3 results led to a rise in its shares, but analysts expressed mixed views. Some maintained their ratings and adjusted price targets, while others expressed concerns over costs and lack of profits.
Intel's Q3 results were generally positive, leading to a rise in its shares. However, analysts' views were mixed, with some maintaining their ratings and adjusting price targets, while others expressed concerns over the company's costs and lack of profits. This could lead to uncertainty in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia Corp was mentioned as a potential future customer of Intel.
Nvidia Corp was mentioned as a potential future customer of Intel. This could potentially lead to increased business for Intel, which could positively impact Nvidia's operations as well.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50