Chip stock Intel (INTC) brought in a win today for a rather unexpected reason, as Lip-Bu Tan, Intel’s new CEO, delivered a speech for Intel’s 40th anniversary as part of the Chinese market. While this might not mean so much by itself, the fact that Tan delivered the speech in Chinese may have been a bigger help than expected. This move proved oddly endearing with shareholders, who sent Intel shares up modestly in Wednesday afternoon’s trading.
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Tan was at an industry conference Intel hosted, and delivered his speech in Chinese, which was his first public speech to call on the language, reports noted. Tan offered up “…his best wishes and expectations for Intel’s 40th anniversary in the Chinese market.” He called upon current partners to build cooperation, particularly with the current boom in artificial intelligence going on, and called for those partners to join Intel in “…jointly seiz(ing) new opportunities.”
Tan capped it off by saying, “My task is clear — to create great products that address our client’s most critical challenges and help everyone gain confidence in the market.” Chinese analysts declared this part of “…a measure to woo Chinese consumers,” reports noted. Though such a move might only have as there are still some limits on what the Chinese market can actually import. These are constantly shifting, however, based on the status of trade deals.
Internal Promotion
Meanwhile, Intel made a bit of a change to its C-suite, bringing in a new chief information officer as well as senior vice president. Reports note that Cindy Stoddard has the new slot, and starting December 1, will report directly to Lip-Bu Tan. Stoddard brings with her over two decades’ experience in modernizing digital operations, and was a major figure in technology leadership roles at several other firms.
Tan noted, “The CIO role has become increasingly strategic for Intel as we modernize our legacy systems, strengthen our operational backbone, and build deeper partnerships with AI platform companies. Cindy is a proven enterprise technology leader whose expertise in large-scale digital transformation will be instrumental as we build Intel’s foundation for long-term success.”
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on three Buys, 24 Holds and six Sells assigned in the past three months, as indicated by the graphic below. After a 42.98% rally in its share price over the past year, the average INTC price target of $35.44 per share implies 1.58% upside potential.
