Tuesday, March 2, 2021

Intel (INTC) Failed To Save Itself Despite Stronger Results, Comcast (CMCSA) Stabilized Despite Delaying Bond Film

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Intel Corporation (INTC) decreased by -9.29% to $56.66. Shares of designer, manufacturer, and seller of essential semiconductor technologies for the cloud, smart, and connected devices worldwide, plummeted again on Friday after being pushed by 6.5 percent on Thursday by earnings well above estimates in the fourth quarter. Markets were taken back by its new chief executive, Pat Gelsinger, who is committed to maintaining an integrated strategy and manufacturing most of the US chip giant’s microprocessors in-house.

Although he suggested that he will outsource part of the manufacturing sector of microchips, he also said he was “convinced” that “the majority of 2023 products” would be “manufactured in-house.” Instead, analysts were counting on a policy of major outsourcing of their chip production, following the group’s difficulties in manufacturing the next-generation 7-nanometer chips. This direction has already been taken by Intel’s rivals by concentrating on architecture and entrusting foundries, mostly Asian, with development.

However, on Thursday, the Santa Clara, California-based company initially positively shocked markets, releasing better-than-expected fourth-quarter 2020 results, as well as ambitious estimates for the current quarter.

On the other hand, the global media and technology company, Comcast Corporation (CMCSA) was stable at $48.68, slipping just -0.92 percent. For ‘No Time to Die,’ there is no time yet, and that too in a situation when users’ trend of canceling cable TV plans in favor of streaming TV over the internet has already become an epidemic in the U.S. As the producers announced Friday, the worldwide arrival of the new James Bond has also been delayed until October. According to an update on the official James Bond website and the accompanying Twitter account, the world premiere is now scheduled on October 8, instead of April. Before being moved back to November 2020 and then April, the film was initially expected to enter theatres in April 2020. This is the final chapter of British actor Daniel Craig’s Bond saga.

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