We recently published Top 10 Trending Stocks to Watch Ahead of Nvidia Earnings. Intel Corp (NASDAQ:INTC) is one of the top trending stocks to watch ahead of Nvidia earnings.
Intel shares are trending after the US government announced that it will buy a 10% stake in the company. Stacy Rasgon from Bernstein said in a program on CNBC last month that Intel’s revenue in the recently reported quarter was decent while its topline guidance was “quite good.” Asked what would be the next potential landmark catalyst for Intel Corp (NASDAQ:INTC) stock, Rasgon pointed to Intel’s upcoming processes and technologies.
“It really probably is around the next generation processes. And so again, 18A is supposed to be ramping and launching at the end of the year. Again, their margin guidance to me suggests that they’re doing more outsourcing. So we’ll see how that outsourcing versus internal manufacturing goes, but it clearly is the process road of 18A attracting foundry customers. I guess eventually like ramping 14A. There’s been a lot of question of whether or not those processes are viable. I would say at least in the slide deck, I think it’s on page five, they still have the logos for 18A and 18AP and 14A on the page at least. So, at this point, I guess those processes are still there, but investors are really going to want to know how successful those are going to be, like what does that volume look like as it ramps? And then can they attract any customers? Those are probably like the structural proof points above and beyond just is revenue good or is it bad? Because right now we don’t know how sustainable or not sustainable that would be.”
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Invesco Growth and Income Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q3 2024 investor letter:
“Intel Corporation (NASDAQ:INTC): The chipmaker reported weaker-than-expected quarterly results as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward; the stock fell on the news. We sold the position during the quarter.
The chipmaker’s quarterly earnings report was weaker than anticipated as revenues declined and earnings were below expectations. Management also provided weaker guidance going forward. Given that a potential recovery appears to be further in the future than we originally anticipated, we sold the position.”
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