Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • August
  • 30
  • Intel rises as report of chipmaker exploring options stokes investor enthusiasm
  • Business

Intel rises as report of chipmaker exploring options stokes investor enthusiasm

Bull Bear Daily August 30, 2024
2024-08-30T121557Z_1_LYNXMPEK7T0FE_RTROPTP_4_INTEL-STOCKS

(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor enthusiasm after one of the stock’s worst slumps in decades.

The company is working with investment bankers and considering various options such as separating its flagship product business from its money-losing manufacturing unit, Bloomberg News reported on Thursday.

Intel is also discussing potentially scrapping some factory projects, the report said.

Building and expanding chip production sites is at the core of Intel’s turnaround efforts focused on becoming a contract manufacturer for other chip firms – a capital intensive undertaking that has strained the company’s finances.

Intel’s market value was set to rise by nearly $3 billion on Friday, after falling below the $100 billion mark earlier in August for the first time in three decades.

The report provided some relief to investors, many of whom see Intel splitting its business as an ideal option as the company trudges through the AI era and trails chipmakers like Nvidia and AMD.

Intel’s shares have fallen about 60% so far this year, compared with a less than 2% year-to-date drop for AMD. Nvidia’s shares have more than doubled in value this year.

Intel’s disappointing quarterly report earlier in August, coupled with the company pausing its dividend and announcing layoffs impacting 15% of its workforce, have deepened the stock’s slump.

The stock trades at about 24 times expected earnings, compared with a price-to-earnings ratio of 30.6 for AMD. Nvidia trades at 33.7 times expected earnings.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Devika Syamnath)

About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: China’s central bank buys government bonds, stirs intervention talk
Next: GM delays additional $330 million investment in Thacker Pass, Lithium Americas says

Related Stories

2025-08-22T130058Z_1_LYNXMPEL7L0IA_RTROPTP_4_EU-RUSSIA-FERTILISER-1
  • Business
  • Economy

European farmers facing higher costs after EU tariffs on Russian fertiliser imports

Bull Bear Daily August 22, 2025
2025-08-20T121336Z_1_LYNXMPEL7J0J7_RTROPTP_4_HERTZ-RESULTS
  • Business

Hertz partners with Amazon Autos to sell used vehicles online

Bull Bear Daily August 21, 2025
2025-08-21T204642Z_1_LYNXMPEL7K0XF_RTROPTP_4_ZOOM-RESULTS-1
  • Business

Zoom Communications lifts annual forecasts on robust demand for AI tools

Bull Bear Daily August 21, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Horse power: Renault-Geely engine unit speeds up as EV shift stutters
  • Tesla pay plan faces pushback as ISS urges vote against Musk’s $1 trillion package
  • Tesla’s cheaper Model Y faces crowded field in Europe
  • UN chief tells countries new climate targets must go ‘futher, faster’
  • Capital One $425 million settlement with depositors should be rejected, US states say

You may have missed

  • Newsletters

Horse power: Renault-Geely engine unit speeds up as EV shift stutters

Bull Bear Daily October 19, 2025
  • Newsletters

Tesla pay plan faces pushback as ISS urges vote against Musk’s $1 trillion package

Bull Bear Daily October 17, 2025
  • Newsletters

Tesla’s cheaper Model Y faces crowded field in Europe

Bull Bear Daily October 8, 2025
2025-09-24T180509Z_1_LYNXNPEL8N0W3_RTROPTP_4_UKRAINE-CRISIS-UN
  • Uncategorized

UN chief tells countries new climate targets must go ‘futher, faster’

Bull Bear Daily September 24, 2025
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Bull Bear Daily | bullbeardaily.com