Company Of The Day: Intel

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Upside
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INTC: Intel logo
INTC
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?

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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%
 Trefis Multi-Strategy Portfolio -7% -23% 205%

[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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