Another bleak quarter and a negative front: So what brings an increase in Intel stock?

Those who expected a real gospel in reports Intel For the last quarter and to the rule of 2024 – disappointed. Not that the disappointment is not the share of Intel investors in recent years, but now it has become clear that the resignant CEO Pat Glasinger has been behind the chip company: shrinking in almost every important parameter and cancellation of some of the flagship products.

In addition, veteran CFO David Zinsner admitted, there is no new one as to the appointment of a permanent CEO. Apparently, this fiery potato in Silicon Valley is ready to hold, after a strong criticism of the board of directors of the board. The analysts, who clicked the appointment of a new CEO, were disappointed, but this did not interfere with Intel’s stock to register a close to 4% in the early trade in NASDAC.

After continuing to decline in revenue – especially in the flagship divisions of personal computer chips and the artificial and artificial intelligence processors – and the launch of the “Falcon Shores” processor intended to experience servers – weakening of the gross profit and low forecasts for the coming year – the company does not seem to give up the Nanuman processor’s dream The retiring Glasinger, who will finally bring Intel to the status of advanced chip maker at the level of competitor from Taiwan, TSMC, with 1.8 nm transistor architecture.

“We haven’t seen accelerated demand”

In the investor call, the VP of Products, M.J. Holhos, announced that Intel’s first technology -based products – including “Call” to servers from the “Clearwater” series – are expected to reach the market in the first half of 2026. In a positive news, this is still a rejection of the original announcements they talked about 2025 and admitted that the demand for him is not as high as they expected: “We saw that it was a niche market,” she said.

Although the Clearwater’s servers’ processors were rejected for next year, Holohaus insists that the production lines of 1.8 nanometer processors will be completed this year. “As the first client of the product (Hallohaus is responsible for the company’s chip products), I see progress in terms of performance and output, and production will begin in the second half of the year,” Glasinger’s promises repeated.

If Intel succeeds in launching stable processors with a reasonable output of 1.8 nm technology, Intel can be crown as a winner of the crisis to which it has been, and it can recruit customers from the leading companies to manufacturing processors in its production lines. Intel is now supporting the “Pub 52” chipset in Arizona to be the first to create chips in the new technology and claim to have been using $ 1.1 billion out of the grant of 7.86 billion dollar given last November. In the coming month, she intends to realize an additional 1.1 billion from the grant.

This promise regarding the launch of the 18th Angstrom processor (1.8 nm) is still far from realization, the mere remarks in the second hopes of hope among investors who were fulfilled in raising the stock. In the meantime, the Poundari business – Intel’s production plant for external customers – is far from Holohaus’s dream.

Intel still relies on considerable TSMC production to meet chip demand from contemporary production series and those who should go on the market in the coming months. After the festive launch of the division last year and aimed at Intel, it recorded a 13% decrease in revenue compared to the corresponding quarter to $ 4.5 billion and a $ 2.26 billion operating loss in the quarter, double the losses in the same quarter last year.

“Intel comes out with another weak report, one that does not give a lot of hope for investors,” says Globes Oral Levy, a head investment manager and a partner in Ancek Capital. “No growth, no new customers, all business segment is still in a difficult problem.” He said Intel loses market chunks in almost all the segments it operates: chips for personal computers, servers and databases and even the production plant for external customers (pounds). “Even in the AI ​​field, Gaudi processors failed to reach a $ 500 million destination in sales, although everyone is trying to lower the dependence on her son.

Low expectations

Intel is still looking for a new CEO and no news here, and in the forward forecast there are not too many reasons for optimism, certainly when the forward forecasts are 14% lower than the expectations of the market. So why does the stock cost 3% in trading? Apparently, expectations were so low among investors. ”

Cancellation of the launch of the “Falcon Shores” processor is a bad news for Intel’s development center in Caesarea based on the purchase of the Bana Labs- a huge deal made by Intel in 2019 to purchase the $ 2 billion artificial intelligence company that now appears to be far from paying off. The company originally announced that Falcon Shores would incorporate the artificial intelligence technologies of the Israeli Bana with the Intelligence chip architecture XE, but Hollahos had to admit that “based on feedback from the industry, these processors are only used at this point.”

The Bana Labs operated independently until last year, then most of the senior officials who worked on her founding team and Intel incorporated it within as part of the internal development system in the company. The founders, including David Dahan and Ran Halutz, set up Element Labs, along with the Seder Chipset Avigdor Wilnz. Competition for Annabiya? Avigdor Wilnz’s new company is highly directed – Globes