Intel’s shares plummeted 8% on Wednesday after the release of its financial results in an SEC filing. The company reported an operating loss of $7 billion for its foundry business in 2024, which is the first time it has disclosed total revenue for this business separately from its products business, which reported operating income of $11.3 billion in 2024.

Despite this setback, analysts at Cantor Fitzgerald praised Intel for its new financial reporting structure and highlighted the need for the company to increase foundry and product operating margins. Similarly, Stifel also took a positive view of Intel’s strategic plans but reiterated a hold rating on the stock.

The long-term nature of Intel’s plans was recognized by both analysts, who cautiously optimistic about the company’s future. However, they also suggested that investors consider other companies focused on artificial intelligence, such as NVDA and AMD, in the shorter term due to their potential growth opportunities.

By Samantha Johnson

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