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New Intel (NASDAQ:INTC) Leaks Suggest New Chips Sooner than Later
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New Intel (NASDAQ:INTC) Leaks Suggest New Chips Sooner than Later

Story Highlights

Intel gains ground modestly as more chip leaks emerge, and some begin to wonder if the new chips will formally appear sooner rather than later as a result.

Free INTC Analysis

Leaks out of chip stock giant Intel (NASDAQ:INTC) have been coming out hard and fast of late, and the latest ones not only provide insight on the what, but even the when. Investors, meanwhile, weren’t quite so pleased and sent shares down modestly in Friday afternoon’s trading.

First came word about the Intel Core Ultra 5 238V, which will be fairly similar to the Core Ultra 5 234V. Both come with eight cores and eight threads, but the 238V will actually double the chip’s memory from the previous 16 gigabytes to 32 gigabytes. Configured as LPDDR5X, the end result should be a much more powerful processor, which Intel could certainly use right now.

This is actually the top end for the Lunar Lake processor line, reports note. The Lunar Lake series will come with four processor models, the new leaks noted, which is particularly interesting as one of these is said to be a lower-power model that was projected to work well with handheld gaming PCs.

Ponte Vecchio Out, Several New Chips In

The leaks didn’t stop there, either. Reports note that the Arrow Lake lineup might arrive sooner rather than later, thanks to the sheer number of Arrow Lake and other chip leaks that have been seen lately. Further, reports suggest that Intel is looking to decommission the Ponte Vecchio line of chips in favor of a new focus on the Gaudi 2 and Gaudi 3, as well as the Falcon Shores lineup. There’s simply been too much information emerging of late—even if from unofficial sources—to suggest anything but some significant new changes coming soon.

Is Intel a Buy, Sell, or Hold?

Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on four Buys, 26 Holds, and three Sells assigned in the past three months, as indicated by the graphic below. After an 8.06% rally in its share price over the past year, the average INTC price target of $38.48 per share implies 21.68% upside potential.

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