Intel shares surge 24%—breaking dot-com record
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Taking a look at key metrics versus estimates
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Something rare happened on Intel (NASDAQ:INTC)’s earnings call. CEO Lip-Bu Tan effectively told investors that Elon Musk will teach Intel more about running a chip business than Intel will teach Musk.
Intel's chief accounting officer, Scott Gawel, resigned Friday to pursue another professional opportunity, effective immediately. Chief Financial Officer David Zinsner assumed the role of principal accounting officer, Intel said. The company disclosed the changes in a filing with the Securities and Exchange Commission.
Wall Street’s view on Intel (NASDAQ:INTC | INTC Price Prediction) stock leaned bullish this morning. Citi upgraded Intel to Buy from Neutral with a $95 price target, up from $48, while Evercore ISI’s Mark Lipacis moved to Outperform from In Line with a $111 target,
With up to 288MB of L3 cache, compared to just 96MB in the AMD Ryzen 7 9850X3D, the new Intel Core Ultra 400 lineup is finally shaping up.
Nvidia stock roared towards a record closing high on Friday. Like plenty of other chip makers, it was getting an Intel boost. Shares of the artificial-intelligence behemoth advanced 4.3% to $208.28, breaking its previous record close set on Oct.