Good news about the new Battlemage GPU from chip stock Intel (INTC) did surprisingly little to soften the blow of investor concern about Intel’s overall future. In fact, despite that—and an interesting new development from the Auto Shanghai show, Intel shares still found themselves down around 1.5% in Tuesday afternoon’s trading.
Reports noted that the new Battlemage, the Arc B770, may already currently be in production, and a retail release could hit by July. With Computex 2025 just a few weeks out, this presents an excellent opportunity for Intel to roll out a big new item at a fairly major show, giving it some vital marketing pressure in the process.
It actually gets better; reports suggest that the new Battlemage GPU could be a match for the AMD (AMD) RX 9060 or the Nvidia (NVDA) RTX 5060. Some reports suggest that it may boast between 24 and 32 Xe2 cores, complete with a 256-bit memory bus and 16 gigabytes of GDDR6 memory. It may even be part of professional lineups; these are still early reports, after all, and only official word out of Intel will confirm just what the new Battlemage will look like and can do.
Take Its Show on the Road
Intel also took its show on the road to hit Auto Shanghai 2025, a move which probably would have looked better before the tariff avalanche started up. But anyway, Intel brought out a wide array of announcements to the show, starting with a new version of its software-defined vehicle (SDV) system-on-a-chip (SoC) technology. Packing a multi-process node architecture, it actually managed to weigh in as a first of its kind system, reports noted.
Intel also showed off several new partnerships, and declared that the automotive sector was a huge potential growth vector for Intel. Given how badly Intel needs growth vectors right now, this is good news. Though apparently, Intel is banking on the Chinese car market to fuel that growth, which is why Intel based its operations therein.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 26 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 34.57% loss in its share price over the past year, the average INTC price target of $21.29 per share implies 6.37% upside potential.
