Good news, of sorts, for Intel (NASDAQ:INTC) investors today; Intel’s last quarter earnings may have proven a disappointment, but it likely won’t be that way for long. In fact, the chip maker revealed that its upcoming quarters should prove a lot better. That was good enough for investors to put a little extra into Intel, causing it to rise fractionally in the closing minutes of Monday’s trading.
Intel revealed that it was on track to catch up to many of its competitors and should do so by 2026. After years of underinvestment in future developments, Intel has learned its lessons well and is in the process of making a comeback. Chips like the Gaudi 3 are on track to give Intel a substantial piece of the AI market, and its foundry business is firing up.
Taking on Deepfakes
But Intel isn’t just offering optimistic outlooks for the next two years. It’s also got some weapons ready in the fight against artificial intelligence (AI) generated deepfakes, which are basically just false pictures or videos of people. With price cuts opening up the ability to create fake and highly realistic content, having a way to identify these items as they emerge is vital to the protection of many of our standard institutions. Intel joined forces with McAfee to bring out the McAfee Deepfake Detector, a tool that can use Intel’s Neural Processing Unit to actually detect a deepfake.
Is Intel a Buy, Hold, or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on four Buys, 23 Holds, and four Sells assigned in the past three months, as indicated by the graphic below. After a 1.07% increase in its share price over the past year, the average INTC price target of $39.92 per share implies 28.86% upside potential.
