Intel Stock Could Fall Another 13%, JPMorgan Warns as AI Boom Fails to Fix Its Problems
JPMorgan sees 13% downside for Intel stock as PC weakness, chip supply constraints and rising investment complicate its AI-driven turnaround.
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JPMorgan sees 13% downside for Intel stock as PC weakness, chip supply constraints and rising investment complicate its AI-driven turnaround.
Dell stock tumbles 10% as Intel warns of worsening PC demand, memory shortages and market contraction in 2027, raising concerns
Celestica, a contract electronics manufacturer for AI data centers, reported strong Q3 results with 83% revenue growth and doubled adjusted earnings. The company raised 2026 guidance to $21 billion revenue (69% growth) and projects $40 billion for 2027 (90% growth), outpacing Nvidia's expected 70% growth. Trading at 14x forward earnings, analysts project the stock could reach $660 by 2028, implying 144% upside potential.
U.S. stock were mixed on Friday, as the Dow Jones, S&P 500, and Nasdaq 100 index futures moved in different direction.