Intel Corp. 51%.
Intel has also maintained strong longer-term momentum. Intel Foundry Gains GroundMeanwhile, Intel’s foundry business could benefit as artificial intelligence chip customers look for more manufacturing and advanced packaging options beyond Taiwan Semiconductor Manufacturing Company Ltd.
Counterpoint Research said Intel Foundry revenue rose 31% year over year in the second quarter. , Ltd.
Intel has also gained traction in advanced packaging. Still, execution will remain critical.
Taiwan Semiconductor continues to hold advantages in scale, production yields and advanced packaging capabilities. The 20-day SMA remains above the 50-day SMA, while the 50-day SMA is above the 200-day SMA.
Momentum indicators also remain constructive. Resistance sits near $142, just below the 52-week high.
Earnings And Analyst OutlookIntel’s next earnings report is estimated for Oct. Wall Street expects earnings of 39 cents per share, up from 23 cents a year earlier.
Intel carries a Hold consensus rating with an average price forecast of $114. TD Cowen maintained a Hold rating and a $115 price forecast on Sept.
24. Tigress Financial maintained a Buy rating and raised its forecast to $145 on Sept.
15. Piper Sandler initiated coverage with a Neutral rating and a $110 forecast on Sept.
98% of XNTK.
