Intel's situation is quite curious. The company has a lot of problems in different areas, but still increases in revenue and profits. They have recently announced that at most until the end of 2022 7nm processors will not arrive. Well, despite the good financial results, the company has seen its share price fall by more than 16%.
A fall that is due to speculators such as Ross Seymore, an analyst at Deutsche Bank, who downgraded Intel to "Hold From Buy." This one would have been the only one Mizuho Americas of Siti Panigrahi and other analysts who adjust the price of Intel's shares down. Everyone emphasizes that this delay is positive for AMD, of course.
[amazon box="B086ML4XSB"]Significant drop in the value of Intel shares
Vivek Arya of Bank of America seriously doubts that Intel can compete in the long term. The problems with 10nm lithography are there and this is now added to the delay with 7nm. Bank of America has even gone from a $ 70 share price target to a $ 62 target.
But they have not been the only ones who have reduced the value of Intel shares, something to a certain extent logical. Although it should be noted that despite the 10nm delay and vulnerabilities, Intel is still competitive in desktop processors against Ryzen. Also, Core processors are the most widely used for laptops and OEM equipment.
The normal thing, after presenting an increase in income and an increase in profits, would be to go up in price. The delay of at least 6 months in the 7nm, despite indicating on several occasions that they were doing better than expected, has been an important hit. It seems that Intel was trying to hide that things were not going correctly. Maybe Jim Keller left because of this?
[irp]Source: wccftech
