Intel (INTC) revealed how it plans to incorporate AI into upcoming products at its annual innovation event in San Jose, CA. CEO Pat Gelsinger emphasized the importance of AI to the company, stating "Intel is going to build AI into every platform." Stifel Analyst Ruben Roy says that it will take some time to gauge Intel's "very ambitious goal." Pointing out that Intel may be "late potentially to the game," Roy insists the company should not be ruled out, though he cautions it's still too early to tell how successful they will be. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Intel (INTC) revealed how it plans to incorporate AI into upcoming products at its annual innovation event in San Jose, CA. CEO Pat Gelsinger emphasized the importance of AI to the company, stating "Intel is going to build AI into every platform." Stifel Analyst Ruben Roy says that it will take some time to gauge Intel's "very ambitious goal." Pointing out that Intel may be "late potentially to the game," Roy insists the company should not be ruled out, though he cautions it's still too early to tell how successful they will be.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Many crypto traders anticipate the U.S. Federal Reserve to stick to its data-dependent stance at the upcoming FOMC meeting, offering little surprises to the market. Hashnote CEO Leo Mizuhara discusses what to expect from the upcoming interest rate decision on Wednesday and its potential impact on the crypto markets. "We're in for something fairly boring," Mizuhara said.
Qualcomm on Wednesday said it was getting into a new market for Wi-Fi routers and that Charter Communications and the UK's EE will be among its first customers. San Diego, California-based Qualcomm is the world's biggest supplier of the chips that help mobile phones connect to cellular data networks, but it has also long had a business selling Wi-Fi chips for consumer Wi-Fi routers. The company said Wednesday it is getting into a new segment of that market by selling what are known as gateways, a device often supplied by broadband carriers where a physical fiber-optic line from a carrier enters the home and is transformed into a Wi-Fi signal.
(Bloomberg) -- Intel Corp. Chief Executive Officer Pat Gelsinger, plotting a comeback for the once-dominant chipmaker, made the case that the company’s technology will be vital to an industrywide boom in artificial intelligence computing. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseDollar Rally Is Crushing One of the Most Pop
Intel is a contender in the AI race, according to a Melius Research analyst who wrote that investors should pay attention to the computer product and technology maker’s next steps in the space. Melius Research analyst Ben Reitzes rates Intel (ticker: INTC) as a Buy with a $46 price target, which implies a 21% upside from the stock’s closing price on Monday. When investors think of AI, they tend to think of Nvidia (NVDA) and Advanced Micro Devices (AMD) as the top two performers, Reitzes said.
