Intel Stock Climbs as Company Overcomes Latest Processor Challenges
Tech & AI | July 3, 2024, 3:54 a.m.
Investors reacted calmly to news about Intel's chips facing potential vulnerabilities and abandoned features, with shares rising slightly on Tuesday afternoon. The upcoming Arrow Lake processors will no longer support DDR4 memory, favoring only DDR5 memory. This move could impact sales as DDR4 options tend to be more budget-friendly. Furthermore, reports of the Indirector side-channel attack heighten concerns about Intel processors' vulnerability to information theft. While no solution is available yet, proposed solutions require testing. Analysts suggest a Hold consensus rating on INTC stock, with the average price target indicating a 22.35% upside potential despite a 6.79% loss over the past year. This evolving situation prompts investors to weigh the risks and rewards of investing in Intel.