Intel Reportedly Considers Selling Minority Stake In Altera Unit For $17B Amid Market Challenges, Losing Ground To Nvidia And AMD As Stock Plummets Over 50% This Year
Portfolio Pulse from Benzinga Neuro
Intel is considering selling a minority stake in its Altera unit, valued at $17 billion, to address market challenges and fund semiconductor ambitions. Intel's stock has plummeted over 50% this year due to competition from NVIDIA and AMD.
October 18, 2024 | 3:40 am
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AMD's competitive edge in the PC and data center market has contributed to Intel's stock decline, enhancing AMD's market position.
AMD's gains in the PC and data center markets have pressured Intel, potentially benefiting AMD's stock as it captures more market share.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Intel is considering selling a minority stake in its Altera unit to raise funds amid significant stock price decline and market challenges. The sale aims to support Intel's semiconductor ambitions.
Intel's potential sale of a stake in Altera is a strategic move to raise capital and reassure investors amid a 50% stock decline. This could positively impact Intel's stock as it addresses market challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
NVIDIA has gained market share in AI chips, contributing to Intel's stock decline. This positions NVIDIA favorably in the competitive landscape.
NVIDIA's success in AI chips has contributed to Intel's market share loss, highlighting NVIDIA's competitive advantage. This could positively impact NVIDIA's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Oracle is making strides in AI and cloud, contrasting with Intel's struggles. This positions Oracle as a strong player in the tech sector.
Oracle's progress in AI and cloud highlights its strength in the tech sector, contrasting with Intel's current challenges. This could positively impact Oracle's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30