A new report out from PC Gamer says that chip stock Intel (INTC) commissioned a study about the AI PC, a personal computer with an artificial intelligence base. And, to very few people’s surprise, the study revealed that AI PCs are indeed a good thing, and this is totally not a waste of Intel’s time and investor dollars. Investors, meanwhile, were at least a little okay with this, and sent shares up fractionally in Friday afternoon’s trading.
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The title of the study Intel commissioned pretty much sums up why you would ever want to buy one of these things: “Reclaim Your Day: The Impact of AI PCs on Productivity.” The study took a look at 6,000 people, aged 18 and up, from three of Europe’s leading economies: France, Germany, and the United Kingdom. They were surveyed on several topics, including how they used computers, how much they knew about AI PCs, and what they would do with the time they would save by using an AI PC.
The study also points out that 74.63 minutes a week, on average, are lost to “computer chores,” which include things like “analyzing data.” Compiling data also took a chunk out of the user’s average day with 78.62 minutes lost therein. Most ordinary users may never run into such a problem, but for those who do any programming, it could be particularly useful. Even things like filing documents and searching for certain files contribute time lost, which AI PCs can address. This in turn may form the basis for Intel’s likely marketing of the AI PC, which it needs to win to get its processor sales up to snuff once more.
Turbo Mode and New Grants
There was also good news for programmers who favor the Python library, as the new version—version 1.4—of the Intel Neural Processing Unit (NPU) Acceleration Library is now available. This includes several new features, including documentation changes and examples of C++ code.
Finally, we also have news that Intel has been pursuing grants in order to help address its cash crunch. While it is still waiting on CHIPS Act funding, Intel is also looking to get in on others as well. It has $39 billion coming under the CHIPS Act, and has already, albeit provisionally, received most of it. Another $11.5 billion is also set to arrive from factory project grands and defense-related projects, noted a report.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 22 Holds and seven Sells assigned in the past three months, as indicated by the graphic below. After a 43.5% loss in its share price over the past year, the average INTC price target of $24.43 per share implies 0.33% downside risk.
