Intel Shares Face Pressure as Key Partnership Hits a Snag

Intel’s stock recovery has encountered an unexpected obstacle during the holiday period. Reports that its crucial partner, Nvidia, has halted testing of a key manufacturing process have cast doubt on the chipmaker’s ambitious “foundry-first” strategy. Investors are now left to assess whether the issues with the pivotal 18A production node represent a temporary setback or a more fundamental challenge to the company’s turnaround plans.

This development presents a stark contrast to recent analyst optimism. On December 16, Bank of America (BofA) raised its price target for Intel from $34 to $40. While the bank maintained its “underperform” rating, it pointed to growing opportunities in the “Advanced Packaging” segment. The discrepancy between Read more...