Company Of The Day: Intel
What?
The release of Intel’s (NASDAQ:INTC) new Arc graphics card range, which is seen as a competitor to Nvidia and AMD is likely to be delayed to around August 2022, instead of debuting in the early summer, per a report from Germany’s Igorslab. This would mark the second delay for the cards, which were initially expected last year.
Why?
The delays are apparently related to driver software issues.
So What?
Graphics cards are a lucrative business and the delayed availability could hurt Intel in the near term. Intel stock was down about 3% on Monday, tracking the broader sell-off in tech stocks.
See Our Complete Analysis For Intel
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| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| INTC Return | -1% | -16% | 19% |
| S&P 500 Return | -3% | -16% | 78% |
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[1] Month-to-date and year-to-date as of 5/10/2022
[2] Cumulative total returns since the end of 2016
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