Intel Corp.’s stock slipped after it revealed that Panther Lake chips will start manufacturing in the second half of this year, but provided little insight into their specifications and features. The company also showcased demonstration PCs built with the chip and displayed its latest processor on its own. In a positive note, Intel’s data center market share increased to 55%, reversing a decline seen in February. Additionally, the company established a dedicated group focused on CPUs for data centers, aiming to boost sales.
Analysts give Intel stock a Hold consensus rating, citing a 32.52% loss over the past year and an average price target of $21.22 per share, implying a potential 0.93% downside risk.
Source: https://www.tipranks.com/news/youll-see-nova-lake-on-time-intel-stock-nasdaqintc-slips-as-panther-lake-hits-computex