Goldman Sachs maintains a Neutral rating on Intel, with a stock price target of $150.
1 hours ago
Goldman Sachs analyst James Schneider maintained a Neutral rating on Intel following its second-quarter earnings release, with a $150 per share price target. The analyst noted Intel’s stock is expected to climb on the back of its strong quarterly results and forward guidance, driven by better-than-expected performance from its data center and client segments, a sharp improvement in gross margin, and positive remarks on supply agreements and capital expenditures. Goldman Sachs added that investors had already taken constructive positions ahead of the quarter, supported by recent strong server CPU performance, ongoing momentum in advanced packaging technology, and signs of progress in advanced fab nodes.
Bitcoin plunged sharply in nearly 10 minutes ahead of the US stock market’s opening, dropping over 0.6%.
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Jensen Huang appears to have registered an X account, and NVIDIA’s official account has followed it.
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