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Larry Ramer
Tue, Apr 1, 2025, 9:29 AM 1 min read
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Intel (INTC) is declining 2.5% today, and Schwab Network newsman Caroline Woods noted that the shares whitethorn beryllium falling owed to cautious comments by the chipmaker's caller CEO.
Statements by Commerce Secretary Howard Lutnick could besides beryllium weighing connected INTC stock, Woods stated.
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The New CEO's Words of Warning
Speaking yesterday, INTC CEO Lip-Bu Tan said that turning astir the chipmaker "won't beryllium easy" and "won't hap overnight." He added that the steadfast volition look difficulties for an extended play aft it "fell down connected innovation" and was "slow to adapt."
Tan noted that helium would effort to enlistee apical engineers portion continuing to physique spot factories. Additionally, Intel volition question to vie with Nvidia (NVDA) successful the rack-scale AI server market, the CEO stated.
Trump Administration to Get Tougher connected Chipmakers
Commerce Secretary Howard Lutnick suggested that helium would refrain from releasing further funds to chipmakers until they perpetrate to investing much wealth successful the U.S., Bloomberg reported. Within the semiconductor sector, Intel has been 1 of the apical recipients of funds from Washington.
While we admit the imaginable of INTC arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. If you are looking for an AI banal that is arsenic promising arsenic INTC but trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.
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Disclosure: None. This nonfiction is primitively published at Insider Monkey.