Previous close | 796.77 |
Open | 788.68 |
Bid | 826.05 x 100 |
Ask | 826.65 x 100 |
Day's range | 782.23 - 833.23 |
52-week range | 270.71 - 974.00 |
Volume | |
Avg. volume | 53,523,517 |
Market cap | 2.066T |
Beta (5Y monthly) | 1.74 |
PE ratio (TTM) | 66.69 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.16 (0.02%) |
Ex-dividend date | 05 Mar 2024 |
1y target est | N/A |
Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.
Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign technology. The sizes of subsidies were not specified in a document outlining the initiative by the Beijing Municipal Bureau of Economy and Information Technology dated April 24. "Companies that purchase domestically controlled GPU chips for intelligent computing services will receive support based on a certain percentage of their investment," the document showed, referring to chips known as graphics processing units (GPUs).
Intel forecast second-quarter revenue and profit below market estimates on Thursday, as it faces weak demand for its traditional data center and personal computer chips amid efforts to build its contract manufacturing business. Enterprises have prioritized spending on advanced and speedy AI server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. According to analysts, a surging demand for graphics processing units (GPUs) useful for AI applications has reduced the appetite for CPUs, which are Intel's main product.