The Consumer Electronics Show (CES) event is proving to be an absolute winner for chip stock Intel (INTC). In fact, early word about those major market share loss issues could be getting resolved as we speak thanks to a growing string of developments. Investors were skeptical, though, and sent shares down fractionally in Wednesday afternoon’s trading.
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This time, Samsung (SSNLF) kicked things off with its appearance at the Consumer Electronics Show. While there, it showed off the Galaxy Book 5 Pro and the Galaxy Book 5 360 laptops, both of which will boast—you guessed it—Intel hardware under the hood. The word from a CNET report says that both will boast the Core Ultra Series 2 processors, and even come with new AI features. One of the biggest gains is the addition of “circle to search” functionality, which allows users to simply circle an item and have the system run a search on whatever it was was just circled.
Those concerned about battery life should be pleased here. The Galaxy Book 5 Pro will run between 21 and 25 hours, depending on screen size. Here, the 16 inch model actually runs longer thanks to a larger battery. Meanwhile, the Galaxy Book 5 360 will blow that away, running at 31 hours on a 68.1 watt-hour battery. These should prove brisk sellers, and Intel should in turn get no shortage of orders out of Samsung to keep these things fed.
Stepping into Vehicles
Meanwhile, an earlier report from Intel offered further hope for sales with a push into vehicles. Intel showed off the Automotive Virtual Development Environment, a move that should reduce costs when it comes to the development of software-defined vehicles.
Intel can now provide what it calls a “whole vehicle platform,” which features power management systems, zonal control features, and even discrete graphics. This combination of factors in one package allows for not only better, but also cheaper, development processes. And that, in turn, should drive more SDV developers into Intel’s camp so they can get everything they need in a one-stop shopping environment.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 21 Holds and five Sells assigned in the past three months, as indicated by the graphic below. After a 58.15% loss in its share price over the past year, the average INTC price target of $24.53 per share implies 23.67% upside potential.
