Intel Corp (NASDAQ:INTC) shares climbed in early trading on Tuesday, after the company reported a multi-billion-dollar deal with Amazon.com Inc's (NASDAQ:AMZN) cloud unit and received a U.S. semiconductor grant.
Here are some key analyst takeaways.
BofA Securities On Intel
Analyst Vivek Arya reiterated an Underperform rating and price target of $21.
Intel announced a collaboration with Amazon Web Services (AWS) on a custom AI fabric chip and custom Xeon server CPU chip, as well as a funding of $3 billion for government chips, Arya said in a note.
"AWS win sounds impressive but INTC has already been supplying AWS with CPU for a long time so customization isn't exactly something new, while the AI fabric (networking) win on 18A will probably matter only from CY26," said Arya.
While the company competes against tough Ethernet switch incumbency from companies like Broadcom Inc (NASDAQ:AVGO), the analyst wrote. Intel's future as "a leading-edge manufacturing entity" depends on its ability to execute on the next-gen 18A manufacturing node," he added.
Check out other analyst stock ratings.
Northland Capital Markets On Intel
Analyst Gus Richard maintained an Outperform rating and price target of $42.
Intel struck a deal worth $3.5 billion to make chips for the US military, of which it was awarded up to $3 billion for Secure Enclave, Richard said. Intel is the only alternative to Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) that the U.S. military has for advanced logic chips, as the Department of Defense requires the chips to be manufactured on US soil, he added.
"AWS and Intel announced a co-investment in custom chip designs under a multi-year, multi-billion-dollar framework covering products and wafers from Intel," the analyst wrote. The U.S. government could continue providing more funding to the company, he further stated.
KeyBanc Capital Markets On Intel
Analyst John Vinh reaffirmed a Sector Weight rating on the stock.
Apart from the government funding and AWS deal, Intel announced several updates on its $10 billion cost savings plan, Vinh said. The updates indicated the company will be "more than halfway through the 15K employee RIF target by year-end and will reduce/exit two-thirds of its real estate globally by year-end," he added.
"We're very encouraged by these announcements and credit INTC management for being proactive regarding the initiatives that it controls, which is namely cost," the analyst wrote. Intel said it intends to make IFS an independent subsidiary, which is a good decision, he further stated.
INTC Price Action: Shares of Intel had risen by 6.12% to $22.19 at the time of publication on Tuesday.
Read More:
• Intel's Slow-Burn Strategy: Foundry Revenues 'Not Till 2027,' Analyst Predicts Spin-Off Ahead
Photo: Tada Images/Shutterstock.com
英特尔公司(纳斯达克股票代码:INTC)股价在周二早盘交易中攀升,此前该公司报告与亚马逊公司(纳斯达克股票代码:AMZN)的云部门达成了数十亿美元的交易,并获得了美国的半导体资助。
以下是一些重要的分析师要点。
英特尔上的美银证券
分析师维维克·艾莉亚重申了表现不佳的评级和21美元的目标股价。
艾莉亚在一份报告中说,英特尔宣布与亚马逊网络服务(AWS)合作开发定制的人工智能架构芯片和定制的至强服务器CPU芯片,并为政府芯片提供30亿美元的资金。
艾莉亚说:“AWS的胜利听起来令人印象深刻,但INTC已经为AWS提供CPU已有很长时间了,因此定制并不是什么新鲜事物,而18A上的人工智能架构(网络)胜利可能只有在26财年才有意义。”
该分析师写道,尽管该公司正在与博通公司(纳斯达克股票代码:AVGO)等公司的艰难以太网交换机竞争对手。他补充说,英特尔作为 “领先的制造实体” 的未来取决于其在下一代18A制造节点上执行的能力。
查看其他分析师股票评级。
英特尔上的北国资本市场
分析师古斯·理查德维持跑赢大盘的评级和42美元的目标股价。
理查德说,英特尔达成了一项价值35亿美元的协议,为美国军方生产芯片,其中向Secure Enclave提供了高达30亿美元的拨款。英特尔是台积电(纽约证券交易所代码:TSM)的唯一替代品他补充说,美国军方拥有先进的逻辑芯片,因为国防部要求这些芯片在美国境内制造。
这位分析师写道:“AWS和英特尔宣布在为期多年、数十亿美元的框架下共同投资定制芯片设计,涵盖英特尔的产品和晶圆。”他进一步表示,美国政府可能会继续向该公司提供更多资金。
英特尔上的 KeyBanc 资本市场
分析师约翰·荣重申了对该股的行业权重评级。
荣说,除了政府资助和AWS协议外,英特尔还宣布了其100亿美元成本节省计划的几项更新。他补充说,最新消息表明,该公司 “到年底将完成1.5万名员工退休收入基金的目标的一半以上,并将到年底在全球减少/退出三分之二的房地产”。
该分析师写道:“这些公告使我们深受鼓舞,并感谢INTC管理层积极主动地采取了其控制的举措,即成本。”他进一步表示,英特尔表示打算将IFS设为独立子公司,这是一个不错的决定。
INTC价格走势:周二发布时,英特尔股价上涨6.12%,至22.19美元。
阅读更多:
• 英特尔的慢消战略:分析师预测未来将出现分拆收入 “要到2027年”
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