'Summer Heat' Proves Raptor Lake Killer, Intel Stock (NASDAQ:INTC) Gains Regardless
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Right now in Europe—where summer is in full swing—a heatwave is in progress. And that heatwave is bringing with it an unexpected failure in Raptor Lake chips. Gabriele Svelto, a senior staff engineer working on the Mozilla browser, brought up the issue out at Mastodon. Svelto noted 'If you have an Intel Raptor Lake system and you're in the northern hemisphere, chances are that your machine is crashing more often because of the summer heat.'
While these are not full system crashes—rather, browser crashes—the news comes from a series of compiled crash reports that seem to be coming from places that are unusually hot. Svelto continued, noting 'Things are so bad at this time that we had to disable a bot that was filing crash reports automatically because it was almost only finding crashes from people with affected systems.' Other explanations, like system cooler issues, could be in play, but the crash reports correlating to heat maps is an unsettling development.
Upgrade Canceled
While Raptor Lake chips are turning downright crispy in this heat, there is another lake with a bit of a problem: Arrow Lake. A recent leak revealed that the Arrow Lake-S update, set to arrive in late 2025, may not provide the improvements in artificial intelligence (AI) capability that was initially hoped.
Arrow Lake chips use the NPU 3 design, which originally came out back in 2023. Reports suggest that there were plans to bump Arrow Lake up to the NPU 4 that shows up in Lunar Lake chips, but apparently, that will not happen after all. NPU 3 can only offer 11.5 trillions of operations per second (TOPS), while NPU 4 offers 48 TOPS. Given that Copilot+ requires 40 TOPS, it seems that Arrow Lake will fall short of the hoped-for capability.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 26 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 30.87% loss in its share price over the past year, the average INTC price target of $21.60 per share implies 6.76% downside risk.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Robinhood Wants to Serve More Than Just Retail Customers, CEO Tenev Says
Robinhood Markets Inc. wants to go global and serve more than just retail customers, says CEO Vlad Tenev. Second-quarter earnings beat estimates and the company is now worth more than Intel. Tenev talks about that and expansion plans on "Bloomberg Open Interest." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Yahoo
Without New Customers, Intel 'Likely' to Stop $28B Ohio Project
At the time of its announcement, it was dubbed 'the largest single private-sector investment in Ohio history' — but now its future is shrouded in uncertainty. In January of 2022, Intel unveiled plans to invest $28 billion in building two new chip factories in Licking County, Ohio, to boost production of its advanced semiconductors to serve both Intel projects and other end customers. Most Read on IEN: More Manufacturing Professionals Say Tariffs Will Hurt Industry 5 Million Pools Linked to Child Drownings Recalled 370-Million Mile Hail Mary Saves Camera Aboard NASA's Jupiter Orbiter PODCAST: Deadly Pools Recalled; Walt's Robot; Massive Panasonic Plant A lot has happened since – and for Intel, the past few years have brought sluggish sales, layoffs, and a new CEO. With that, the last several updates on Intel's Ohio project have pretty much centered on the same theme – delays. In February, the tech firm announced a slowing production timeline on the project, kicking the can down the road on the massive semiconductor compound to now open, partially, in 2030 or later. This past week, when reporting its earnings, Intel alluded to more delays, saying it would 'further slow the pace of construction in Ohio to ensure spending is aligned with market demand.' But things might get worse. Intel's new CEO Lip Bu Tan stressed the importance of finding external customers for the new plant's production capabilities, specifically a leading edge chip node called A14 that Intel has in the works. Tan has stressed the need for Intel to build trust with customers, asking for feedback from them on what the firm can do better. And with A14 still a few years to ready, let's hope that there's time to make some inroads because, without major customers for their operations, things look grim. In fact, one local NBC affiliate reported that Intel said it would 'likely' stop all work in Ohio. And if the Ohio plant gets canceled, it will be pricey for Intel – who will lose out on hundreds of millions in incentives from both the state of Ohio and the federal government, which put up some cash as part of the CHIPS Act. The other hefty cost will come down the road, when Intel will have to outsource chip production instead of using its own Foundry factories for it. According to the report, Intel claimed there are just 'two other semiconductor manufacturing companies that could develop the products they need, and relying on third parties would be pricey.' The state of Ohio, too, will lose out on 3,000 jobs that Intel estimated would come along with the project should it not come to fruition. Click here to subscribe to our daily newsletter featuring breaking engineering industry news. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Yahoo
What Wall Street Analysts Think of Palantir Stock Ahead of Earnings
Key Takeaways Palantir Technologies is expected to report earnings after the closing bell Monday. The AI software company's stock has more than doubled this year, making Palantir the best-performing S&P 500 component. Despite—or perhaps because of—the meteoric rise, just two out of 12 brokers tracked by Visible Alpha have a "buy" or equivalent rating for Palantir stock,Palantir Technologies (PLTR) is scheduled to report second-quarter results after the closing bell Monday, with analysts divided on one of 2025's hottest stocks. Shares of Palantir have more than doubled in price this year, leading the best-performing S&P 500 companies, as the company's AI software has become a mainstay, particularly within U.S. government agencies. However, Wall Street largely has been wary of the meteoric rise. The consensus price target among analysts tracked by Visible Alpha is just over $107—roughly 30% lower than Palantir's Friday close above $154. Analysts Divided in Their Palantir Ratings Just two out of 12 analysts have a "buy" or equivalent rating for Palantir stock, alongside seven "hold" ratings and three "sell" recommendations, according to Visible Alpha data. One such bull is Wedbush Securities, which last month lifted its Palantir price target to $160. To hear Wedbush analyst Dan Ives tell it, the Street has it wrong. "We believe the Street is underestimating the $1 billion+ revenue stream that [Palantir's Artificial Intelligence Platform] US commercial business can evolve into over the next few years and the technology competitive moat that [CEO Alex] Karp & Co. have built," Wedbush said. For the second quarter, analysts expect Palantir to report revenue of $939.6 million, up 39% year-over-year, and adjusted earnings per share of 14 cents, rising from 9 cents a year earlier. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
