Chip stock Intel (INTC) is more than just AI and its new CEO these days, though these are the things that seem to be dominating the news cycle. But a new report out says that Intel is working with several companies to improve and revamp “mission-critical systems.” This move proved welcome to investors, who sent Intel shares up nearly 2.5% in Friday afternoon’s trading.
Intel got together with Curtiss-Wright (CW), SYSGO, and wolfSSL to set up a set of new solutions that are designed to improve safety and security in the aerospace industry. These new systems, referred to as COTS systems, will also improve innovation in aerospace, as well as in general industrial applications. The COTS systems will provide compliance with several security standards, while also not specifically needing any kind of specialized software.
This in turn will lower time to market while keeping systems compliant with current regulations, which should make any systems developed with these COTS systems that much more attractive to buyers. Intel will be supplying the processor—a 13th Gen Intel Core i7—while Curtiss-Wright will offer the single-board computer used. Meanwhile, wolfSSL will supply its secure bootloader, and SYSGO will add its PikeOS RTOS and hypervisor systems.
The Ongoing Battle for Chip Supremacy
Meanwhile, reports emerged about how well Intel was faring in its ongoing battle for market share with key rival Advanced Micro Devices (AMD). The news is comparatively simple: AMD continues its lead, as measured by Amazon (AMZN) sales figures, but Intel is actually making a comeback on the strength of older and “more affordable” processors.
In fact, in just one day, Intel managed to take over several spots on the Amazon top 15 sales lists, with several Alder Lake chips making comebacks to take over slots held by AMD chips. Even more unusual was the news that not one Arrow Lake processor managed to crack the top 50 roster.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 27 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 41.78% loss in its share price over the past year, the average INTC price target of $23 per share implies 6.71% downside risk.
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