The pop-up store is nothing new. These little shops, often here today and gone tomorrow, tend to focus on unusual offerings or surprise deals. So it likely came as a surprise to see chip stock Intel (INTC) embrace the concept of temporary retail. Investors are also a bit skeptical, as shares of Intel took a fractional ding in Thursday afternoon’s trading.
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The pop-up stores are located in five different cities worldwide, and as you might expect, some of the biggest names in urban life are there. New York City is home to one, as is London, Paris, and Munich. The fifth goes to Seoul, which is a bit odd, as one would think the Asian presence would go to Tokyo over Seoul, but Seoul is certainly a reasonable choice as “major cities” go.
The stores, dubbed Intel AI Experience stores, will focus on AI PCs which run on Intel hardware. The stores will be open starting about now, and running until as late as sometime in December. Some locations may close earlier, however. Intel’s chief marketing officer, Brett Hannath, noted, “AI technology has the potential to enable better everyday experiences for all of us, and this showcase will give shoppers an opportunity to see just how Intel and its partners are powering new ways for communities to create, game, work, learn, and connect.”
More Panther Lake Leaks
More leaks about the Panther Lake lineup emerged, and the early word featuring “non-official benchmarks” is suggesting some reasonably good things about the next line of Intel chips. The newest leaks suggest that the Panther Lake line will be a match for Arrow Lake, at least as far as multi-threading goes.
Preliminary reports suggest that the Panther Lake clock speeds are also out, with the Core Ultra X7 358H coming in at 4.8 GHz, and the Core Ultra X5 338H boasting 4.7 GHz. This is reasonably close to the Arrow Lake equivalents, with the Ultra 7 255H coming in at 5.1 GHz, and the Ultra 5 225H coming in at 4.9 GHz.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on two Buys, 24 Holds and six Sells assigned in the past three months, as indicated by the graphic below. After a 92.1% rally in its share price over the past year, the average INTC price target of $34.81 per share implies 14.59% downside risk.
