Intel's Stock Soars 24% Friday, Its Biggest One-Day Gain Since 1987 (cnbc.com) 36
Intel's stock price soared 24% Friday. It's the stock's largest single-day spike since since October 1987, reports CNBC, "as investors cheered signs of renewed growth due to mounting artificial intelligence demand."
The stock closed at $82.57 and is now up 124% this year after jumping 84% in 2025. Friday's rally topped a 23% gain for the stock on Sept. 18, when Nvidia agreed to invest $5 billion in the company... "INTC's new CEO fixed the balance sheet, and is executing on a strategy that appears to have put INTC back on the competitive track," analysts at Evercore ISI wrote in a report after earnings, upgrading the shares to the equivalent of a buy rating.
First-quarter revenue topped estimates and rose 7.2% to $13.58 billion from $12.67 billion a year earlier. In five of the prior seven quarters, the company posted year-over-year declines in revenue...
The rally on Wall Street marks a stark turnaround for the U.S. chipmaker, which lost 60% of its value in 2024, leading to the ouster of Pat Gelsinger as CEO in December of that year... Intel's data center business is driving much of the current growth. Revenue jumped 22% from a year earlier to $5.1 billion, as AI fuels renewed demand for central processing units. Analysts at Citi upgraded the stock to a buy from a neutral rating, anticipating an uplift in CPU sales for all suppliers over the next few years.
Besides Tesla, Intel's CEO said Thursday that "multiple customers" are "actively evaluating the technology" their new 14A chip technology, according to CNBC, and that 14A development is happening faster than its 18A technology.
The sudden spike in Intel's stock price makes the stock chart look almost like a straigbht line up. Last August it was selling for less than $20 a share — so it's quadrupled in value less that nine months.
The rally on Wall Street marks a stark turnaround for the U.S. chipmaker, which lost 60% of its value in 2024, leading to the ouster of Pat Gelsinger as CEO in December of that year... Intel's data center business is driving much of the current growth. Revenue jumped 22% from a year earlier to $5.1 billion, as AI fuels renewed demand for central processing units. Analysts at Citi upgraded the stock to a buy from a neutral rating, anticipating an uplift in CPU sales for all suppliers over the next few years.
Besides Tesla, Intel's CEO said Thursday that "multiple customers" are "actively evaluating the technology" their new 14A chip technology, according to CNBC, and that 14A development is happening faster than its 18A technology.
The sudden spike in Intel's stock price makes the stock chart look almost like a straigbht line up. Last August it was selling for less than $20 a share — so it's quadrupled in value less that nine months.
Proving Analysts are Dumb (Score:5, Insightful)
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What? I just got Starlink service two months ago and it's pretty awesome, especially considering it's my only choice in the very specific location I live.
It's not about how awesome it is (Score:2)
It's great if it's the only option that you have but that's the problem. They're just aren't enough consumers in the world who can afford to spend about a hundred bucks a month on internet and don't have access to cheaper options that are better.
That means that the market for starlink is already tapped out even before we talk about competitors.
Defense c
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Not every company needs to be a growth company. Starlink is a subsidiary of SpaceX, which is still a private company. I have no idea what the capital investment to get Starlink up and running cost, but if charging me the $120 a month (its my only option) keeps them afloat, then they don't need to get everyone else on their network.
I would LOVE to be back on a wired connection from the cable company, but my specific spot doesn't have access. I also can't get cellular Internet either. Trust me, I checked, it
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Agreed.
If the rumors are true, then SpaceX will be undergoing an IPO. At that point, it will be owned by Wall St. and their mindset is that a stagnant company is a dying company. Their goal is constant growth at all costs to increase the value of their investment.
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Yep. I read about that. I think it's suppose to be coming up this June. Hopefully I don't get a rate increase on my starlink subscription. I'm still stuck with that as my only option so I'll just have to eat it but fingers crossed.
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Not every company needs to be a growth company.
That depends on one's viewpoint. For executives with large stock bonuses, growth is the only thing that matters. For employees, cash flow leading to steady employment should be the most important, but since some executives make layoff decisions based on their stock bonuses, employees also need growth for those companies. For consumers, steady production with reasonable prices. For investors, it depends on whether one targets growth or income/dividends.
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Look into Starlink defrauding the USA in the Ukraine war. They were so guilty that Musk was forced to fund Trump and then immediately destroy USAID to the point of even violating record retention laws by shredding all evidence USAID had. If he was just shutting it down, there was zero need illegally to destroy all their records. He was being audited for fraud and that is why! Look it up, I remembered the audit getting like a single mention in the news...like in 2024 or 2023... It wasn't a joke when Musk s
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When you make big claims that nobody else has heard of (defrauding the US), it's important to actually provide a modicum of evidence to those claims.
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Nah, I shouldn't be wasting my time as much as I am already. you do the homework; I'm not a journalist I only search for truth to satisfy my life long pursuit of discovering truth. I know what I observed and saw credibly reported at the time and the clear implications which nobody can follow up much without making it into a job --- even so, assuming some pros have attempted it... the trails were actively being erased with a lot of power and resources. The time for that is likely over and there is so much
Re: It's not about how awesome it is (Score:2)
Basically starlink isn't a viable company. It doesn't have anywhere to grow and without growth there's absolutely no point in investing in a company.
You know why people build YouTube videos that repeat this talking point and have been doing so since before starlink even reached a million subscribers? Because they know people like you want to hear it. It's not because it has any basis in reality, which doesn't matter to them at all, but only because you'll watch it, and the sponsors will pay them for it.
And that's actually the real grift here: The sponsors think the audience has money to spend on their product. If only they knew...
What's worse is that a
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Starlink's "Residential" option is $50; it's 100Mbit service, which is more than most people need. That's more than enough to stream 4K HDR video. It has ~20-40ms latency in rural locations, which is close to half what cable or DSL has in those locations, often. You can get free hardware with regular promos.
Do a little research before you spout off. This is cheaper, and better, than most of the world's internet. Half the cost of Africa, and you're not getting anything close to what Africa has. The few excep
Re: Proving Analysts are Dumb (Score:2)
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Elon Musk who is a well-known grifter that hasn't delivered a product since the original Tesla and that wasn't him.
The Model Y -- the #1 selling car in the world multiple years.
Top home energy solution -- power wall and solar panels. The battery part of that is the market leader.
Falcon 9 the most reliable and prolific orbital launch system in all history.
Starlink not available from anyone else. Without it Ukraine would not have a modern Internet backbone today.
Tunneling service that put in place metropolitan transit at a fraction of the price of competitive bids.
----
There is more to the list but what I rea
Re: Proving Analysts are Dumb (Score:1)
A quick sample of the voting public shows that they clearly do not.
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Tunneling service that put in place metropolitan transit at a fraction of the price of competitive bids.
Should have left that one off the list.
It's a grift / loss leader, like hyperloop, that is more about destroying real public transit than providing it. The tunnels are too small for any significant bandwidth, and the lack of secondary tunnels means that simple battery fires could be catastrophic.
Re: Proving Analysts are Dumb (Score:2)
The Model Y -- the #1 selling car in the world multiple years.
If that's the case, it's well deserved. I just got a 2023 model y performance last week, so far it's easily the best car I've ever owned by a long shot.
The commodore 64 is the best selling computer (Score:2)
The Tesla isn't even the best selling EV anymore Chinese electric cars are blowing them out of the water in Europe.
The technology platform Tesla cars are based on is going on 7 years old. Elon took all the money out of Tesla for himself so there's no money for r&d. He had two massive pay packages that he got that will end up totaling somewhere around 60 or 70 billion dollars. There w
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What is truly sick is how he's the richest man ever. Rockefeller has been surpassed and yet that guy had an actual real monopoly on oil and gas which everybody needed and he owned most that whole industry. REAL assets and REAL power. Musk has crypto and non-essential companies which don't dominate except Space X which is a niche market that owes a lot to government deals; largely hyped up paper value with little real assets or and hardly a footprint in the world. Lots of stealing from his companies but s
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Powerwall isn't remotely the top home energy solution. It's a very late to the market player and a reflection of the fact you think America is the only country that exists.
Starlink isn't the only space internet solution available. It may be the only low latency one, but claiming that the Ukraine wouldn't have an internet backbone is just silly.
The tunnelling service... LOL. You seem to be unable to separate the concept of a grift from an actual product or service.
Re: Proving Analysts are Dumb (Score:2)
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The Model Y -- the #1 selling car in the world multiple years.
That had more to do with how Tesla structured its model lineup. Most manufacturers have a lot more vehicle models, its kind of compare apples to potatoes. I would bet that if one counted the number of vehicles sold in a class the leader would still be Toyota.
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It's blatant market manipulation. Look at what happens with oil.
https://cryptobriefing.com/760... [cryptobriefing.com]
https://www.ndtvprofit.com/mar... [ndtvprofit.com]
straigbht line up... (Score:2)
spelling and everything....
Best of luck to them (Score:2)
I have no particular love for Intel or its products, but I do hope this is the beginning of a turnaround for them, for no other reason than their strategic importance to the U.S. domestic IC industry.
On the other hand, I've seen no compelling evidence so far that they've really learned from their previous mistakes. Only time will tell.
They do have good fabs. (Score:4, Insightful)
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They used to have good fabs.
So what? (Score:2)
The stock market is so manipulated by the techbros and corrupt government officials that any metric coming from it is completely unhinged from day-to-day reality.
Intel's been shooting itself in the foot for decades. A bunch of big-money speculators isn't going to change that overnight. AMD FTW.
Which product? (Score:2)
Exactly which upcoming product is exciting all these investors? They may be in for some disappointment.
Re: Which product? (Score:2)
The new Xeon looks very good. Much higher memory bandwidth than Threadripper and +5% performance at half the power budget of previous generation Xeon, and beats both previous generation Xeon and Threadripper on real world PCIe transfer speeds.
Looks like a beast for agentic workflows and high bandwidth applications. Fast enough memory to actually run som LLMs on CPU (or more realistically, run the cold layers on CPU and hot layers on GPU). The 24 core version best the snot out of Threadrippers costing up to
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Which Xeon would that be? You may be surprised to know that Intel's DCG lineup is in shambles. Diamond Rapids-SP is essentially cancelled and Diamond Rapids-AP is heavily delayed, possibly til H2 2027.
24%? (Score:2)
Are they sure that number wasn't from a bug in the floating point processor?
Who are we kidding (Score:2)
Nice to see but now what? (Score:1)
I've been a long term investor in both AMD and INTC and I also trade them short term if the price is right.
I think selling of the memory unit was a strategic mistake and wonder if they'll rethink that or get some R&D going for new technology for the longer term (looking forwards)?
Otherwise I don't plan on selling off my long term holdings of either but I am currently out of both in shares that I was trading for the short term (too many risks in this market). If the price drops on either of them I'll be