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Intel Analyst Flags AMD Competition as Key Challenge, Predicts Modest Growth For Q2

Benzinga LogoBenzinga12h ago

Intel Analyst Flags AMD Competition as Key Challenge, Predicts Modest Growth For Q2 - Benzinga

Quick Summary:

The analyst expects the management to issue a modest growth guidance for the third quarter, likely below his mid-to-high single-digit expectation of weaker server Sierra Forrest and Granite Rapids ramps as Advanced Micro Devices, Inc (NASDAQ:AMD) continues to gain share on EPYC4 and newer EPYC5 road maps.Mosesmann projected ...

Mosesmann expects Intel to deliver inline fiscal 2024 second-quarter earnings based on flat to up sales growth, stabilizing PC dynamics, and a bottoming in the Altera, Mobileye, and NEX segments.

Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp (NASDAQ:INTC) with a price target of $17.


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 16:02:41 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21827285

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Official Website: benzinga.com

Update Frequency: 30 posts per day

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News Last Updated: 8 hours ago

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Publisher ID: #53

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