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There are reasons why AMD and many chip equipment stocks closed higher on Friday, even as Intel's shares tumbled....INTC

Intel said large investments in manufacturing will weigh down on margins in the short term as it reported a "strong recovery" in enterprise sales.

INTEL CORPORATION () : Stock quote, stock chart, quotes, analysis, advice, financials and news for share INTEL CORPORATION | Nasdaq: INTC | Nasdaq

Markets Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Intel (INTC – Research Report) yesterday and set a price target of $72.00. The company’s shares closed last Thursday at $62.57. According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 27.2% and a 68.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and NXP Semiconductors. The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $67.52 average price target, representing a 6.6% ups...

Strong PC chip sales help Intel beat forecasts, but data center revenue tanks SHARE Chipmaking giant Intel Corp. beat market expectations on earnings and revenue today thanks to strong sales of personal computer chips as it delivered its first quarterly financial results under new Chief Executive Pat Gelsinger. The company’s first-quarter sales were essentially flat, however, and its profit fell from the same period one year ago, sending its stock down more than 2% after-hours. Intel reported a profit before certain costs such as stock compensation of $1.39 per sh...