Intel
Intel (NASDAQ:INTC) CEO Lip-Bu Tan bought about $10 million worth of INTC shares earlier this month at $95 a share, the same price at which Intel had just priced a $20 billion secondary offering days earlier.
Intel's Q2 revenue rose 25% year over year, a massive acceleration from Q1's 7% growth. Margins jumped to about 42% and AI segment grew 59%, while foundry revenue rose 31%.
Bulls are highlighting a new catalyst. Wedbush ****** yst Matt Bryson said Intel's advanced packaging technology, EMIB, could put the company in a position to win TPU orders from Google. If proven true, it would be the first real signal that an outside chip designer trusts Intel's manufacturing enough to bet its own products on it.
The Bear Case
#wedbush
Intel (NASDAQ:INTC) CEO Lip-Bu Tan bought about $10 million worth of INTC shares earlier this month at $95 a share, the same price at which Intel had just priced a $20 billion secondary offering days earlier.
Intel's Q2 revenue rose 25% year over year, a massive acceleration from Q1's 7% growth. Margins jumped to about 42% and AI segment grew 59%, while foundry revenue rose 31%.
Bulls are highlighting a new catalyst. Wedbush ****** yst Matt Bryson said Intel's advanced packaging technology, EMIB, could put the company in a position to win TPU orders from Google. If proven true, it would be the first real signal that an outside chip designer trusts Intel's manufacturing enough to bet its own products on it.
The Bear Case
#wedbush
3 months ago
