{"id":1852,"date":"2024-05-30T17:25:28","date_gmt":"2024-05-30T17:25:28","guid":{"rendered":"https:\/\/byteflows.net\/wp\/forcast-main\/wp\/how-to-travel-the-world-on-a-shoestring-budget-copy\/"},"modified":"2025-08-05T14:59:28","modified_gmt":"2025-08-05T14:59:28","slug":"mind-and-meditation-techniq-for-a-calmer-lif","status":"publish","type":"post","link":"https:\/\/web.gfxpixels.net\/zengernews\/mind-and-meditation-techniq-for-a-calmer-lif\/","title":{"rendered":"Intel Shares Surge As Analysts React To Healthy Q3 Results"},"content":{"rendered":"\n<p>The results came amid an&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20250216090112\/https:\/\/www.zenger%20news.com\/calendars\/earnings\">exciting earnings season<\/a>. Here are some key analyst takeaways from the earnings release.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank of America Securities analyst Vivek Arya maintained an Underperform rating, while reducing the price target from $35 to $32.<\/li>\n\n\n\n<li>Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating, while raising the price target from $35 to $39.<\/li>\n\n\n\n<li>Goldman Sachs analyst Toshiya Hari reaffirmed a Sell rating, while lifting the price target from $28 to $30.<\/li>\n\n\n\n<li>Needham analyst Quinn Bolton maintained a Buy rating and price target of $40.<\/li>\n\n\n\n<li>Oppenheimer analyst Rick Schafer reiterated a Perform rating on the stock.<\/li>\n\n\n\n<li>KeyBanc analyst John Vinh reaffirmed a Sector Weight rating on the stock.<\/li>\n<\/ul>\n\n\n\n<p>BofA Securities: Intel delivered a solid performance in the third quarter and raised its fourth-quarter guidance, \u201clargely driven by a normalizing PC market,\u201d Arya said in a note.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20250216090112im_\/https:\/\/storage.googleapis.com\/prod-zenger-upload\/image\/20231030\/16-9_ad1e2d76-ec18-4090-9f9f-9d99fbcc6db2.jpg?20231030130945\" alt=\"\"\/><figcaption class=\"wp-element-caption\"><strong>Shares of Intel Corporation continued to climb in early trading on Friday, after the company reported healthy third-quarter results. OMAR MARQUES\/GETTY IMAGES&nbsp;<\/strong><\/figcaption><\/figure>\n\n\n\n<p>\u201cLooking into CY24E, we expect sales growth of 8-10% YoY on continued PC recovery, AI\/inference adoption in servers, and foundry sales ramp,\u201d he stated. The analyst added, however that \u201cfaster pace of new products could keep costs elevated and GM closer to mid-40s rather than bullish investor scenarios of 50%.\u201d<\/p>\n\n\n\n<p>Morgan Stanley: \u201c18% q\/q growth in PCs was the primary variance from our model, but the data center malaise persists into 3q and keeps our 2h #s basically unchanged,\u201d Moore said. While Intel\u2019s AI pipeline is strengthening, there are concerns over the \u201clack of profits.\u201d<\/p>\n\n\n\n<p>\u201cManagement outlines increasing interest from foundry customers, though without naming names,\u201d the analyst wrote. He added that Nvidia Corp (NASDAQ:&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20250216090112\/https:\/\/www.zenger%20news.com\/stock\/nvda#NASDAQ\">NVDA<\/a>) could become a customer \u201cat some point.\u201d<\/p>\n\n\n\n<p>Goldman Sachs: \u201cIntel reported strong 3Q23 results, guided 4Q23 above Street expectations, and shared positive commentary on the ongoing transformation as well as customer traction in the foundry business,\u201d Hari wrote in a note.<\/p>\n\n\n\n<p>\u201cWhile our near-term estimates were clearly too cautious and we acknowledge Intel\u2019s strong execution, particularly on its technology roadmap (i.e. 5 nodes in 4 years), we continue to perceive Intel\u2019s pursuit of an internal foundry model as a challenge,\u201d he added.<\/p>\n\n\n\n<p>Needham: \u201cIntel delivered its third consecutive beat and raise quarter,\u201d Bolton said. \u201cThe company displayed strong execution on all fronts including its product and process technology roadmap, IFS customer acquisition and overall financials,\u201d he added.<\/p>\n\n\n\n<p>As Intel achieves its goal of product and process node leadership, gross margins \u201cshould improve significantly,\u201d the analyst further stated.<\/p>\n\n\n\n<p>Oppenheimer: \u201cCCG strength contributed to upside aided by seasonality,\u201d Schafer said. DCAI declined by 5% sequentially and came in 4% below the consensus estimate, mainly due to \u201cshifting spend from traditional to AI-accelerated server,\u201d he added.<\/p>\n\n\n\n<p>Management divested the silicon photonics pluggable transceiver business, marking the \u201c10th business exit in 2.5 years,\u201d the analyst wrote.<\/p>\n\n\n\n<p>KeyBanc Capital Markets: Intel\u2019s third-quarter results and fourth-quarter guidance \u201csolidly\u201d exceeded expectations, Vinh said. \u201cResults benefited from improving PC demand as channel inventories are healthy, with strong demand in commercial and gaming,\u201d he added.<\/p>\n\n\n\n<p>Although the DCAI results were below expectations, they are expected to grow sequentially in the fourth quarter, \u201cas servers continue to grow and Sapphire Rapids continues to ramp,\u201d the analyst further stated.<\/p>\n\n\n\n<p>INTC Price Action: Shares of Intel had risen by 9.67% to $35.66 at the time of publication Friday.<\/p>\n\n\n\n<p><em>Produced in association with&nbsp;<\/em><a href=\"https:\/\/web.archive.org\/web\/20250216090112\/https:\/\/www.benzinga.com\/\"><em>Benzinga<\/em><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cWhat\u2019s the latest with Florida Man?\u201d<\/h2>\n\n\n\n<p>Get news, handpicked just for you, in your box.<\/p>\n\n\n\n<p><a href=\"https:\/\/web.archive.org\/web\/20250216090112\/https:\/\/www.zenger.news\/newsletter\">Check out our free email newsletters<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What to read next&#8230;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/web.archive.org\/web\/20250216090112\/https:\/\/www.zenger.news\/2024\/11\/05\/why-market-driven-adoption-is-crucial-for-sustainable-technology\/\">Why Market-Driven Adoption is Crucial for Sustainable Technology<\/a><\/h3>\n\n\n\n<p>November&nbsp;5,&nbsp;2024&nbsp;&#8211;&nbsp;4:53&nbsp;PM&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20250216090112\/https:\/\/www.zenger.news\/author\/zenger-news\/info\/\">Zenger.news<\/a><\/p>\n\n\n\n<p>Lessons from Canada\u2019s Solar Energy Failure: By Brendan Blowers As global efforts to transition to sustainable technologies ramp up, the debate over whether governments or markets should drive this change continues to intensify. 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However, the approach to achieving this transition\u2014whether driven<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results came amid an\u00a0exciting earnings season. Here are some key analyst takeaways from the earnings release.<\/p>\n","protected":false},"author":1,"featured_media":3515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-1852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boxing"],"_links":{"self":[{"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/posts\/1852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/comments?post=1852"}],"version-history":[{"count":2,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/posts\/1852\/revisions"}],"predecessor-version":[{"id":3516,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/posts\/1852\/revisions\/3516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/media\/3515"}],"wp:attachment":[{"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/media?parent=1852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/categories?post=1852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web.gfxpixels.net\/zengernews\/wp-json\/wp\/v2\/tags?post=1852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}