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Intel Stock (NASDAQ:INTC) Declines Following New Chip Leak – TipRanks.com

Intel Stock (NASDAQ:INTC) Declines Following New Chip Leak – TipRanks.com
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Intel’s upcoming Lunar Lake chips are generating buzz, with new details emerging about the series. The flagship version, Intel Core Ultra 9 288V, is expected to offer various new features. The Lunar Lake chips will come equipped with an NPU unit capable of up to 48 trillion operations per second, providing Intel the ability to run Microsoft’s Copilot+PC system. Additionally, a new GPU architecture will make Battlemage GPUs more appealing in the future.

One notable development is Intel’s advancement in supporting artificial intelligence (AI) with the introduction of the first fully integrated optical input/output (I/O) chipset. This chipset is anticipated to enhance data processing speeds significantly, opening up possibilities for expanding cluster connectivity and incorporating new computing architectures. The chipset’s compatibility with machine learning and large language models positions Intel well in the AI development space.

In terms of Wall Street sentiment, analysts currently hold a Hold consensus rating on INTC stock, with three Buys, 26 Holds, and three Sells in the past three months. Despite a 9.53% decline in share price over the past year, the INTC Average Target Price of $38.02 per share suggests a 25% upside potential.

Overall, the upcoming release of the Lunar Lake chips has sparked interest in Intel’s future prospects. Investors will be keeping a close eye on how these new developments impact the company’s position in the chip market and its potential for growth.

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https://www.tipranks.com/news/new-chip-leaks-at-intel-nasdaqintc-shareholders-disappointed

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