Page 15 - Intel Foundry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pat Gelsinger has finally pulled the covers back a bit on its fledgling foundry business.

Analyst maintains Intel with Neutral rating and $42 price target, noting improved laptop CPU share due to Meteor Lake and Raptor Lake refresh, while AMD lacks new CPU. Intel also gained desktop CPU share, and aftermarket retail GPU prices increased. Intel aims for 60% gross margin and 40% operating margin, while Foundry targets 40% gross margin and 30% operating margin long-term, with near-term operating margin at -37%. Focus is on product roadmap execution and margin improvement in Foundry business.

EFFECTOR Therapeutics, Inc. (EFTR) announced Thursday topline results from the primary analysis of the randomized Phase 2 KICKSTART trial which tested tomivosertib or placebo, each combined with pembrolizumab, as frontline treatment for patients with non-small cell lung cancer (NSCLC) with PD-L1 =50%.

Shares of HubSpot (HUBS) are gaining over 9 percent on Thursday, following a report from Reuters stating that Alphabet, Inc.'s (GOOG) Google is mulling over an acquisition offer for the digital marketing company.

Intel shares moved lower in extended trading Tuesday evening after the chipmaker disclosed a widening loss and declining sales at its foundry business. Monitor these key chart levels.