Morgan Stanley maintains an Equalweight rating on Intel, noting that the company is seeking clients like Apple in its ambitious foundry business.

The entities involved

• Intel →

  American multinational technology company

  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
  • Hyperscalers are competing for AI market share, driving high demand for semiconductors and boosting corporate profits.Mon 16:49
• Apple Inc. →

  American multinational technology company based in Cupertino, California

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22
• Morgan Stanley →

  U.S. investment bank

  • Financial firms including Morgan Stanley, Truist Financial, Jefferies Financial Group, and CIBC issued rating and price objective updates for Clearway Energy.Mon 17:33
  • Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24

Related events

• Intel's stock plunge, coupled with HSBC's valuation of its foundry unit and its use in Nvidia DGX systems, highlights market pressures and strategic shifts.Aug 26
• Intel is strategically pivoting by expanding its foundry business to compete with TSMC, facing increased rivalry from AMD and market pressure from Nvidia's AI dominance.Jun 26
• Apple is seeking diversification from TSMC by partnering with Intel to design and build chips, involving Elon Musk's company and Nvidia.Jun 18
• Nvidia is assessing Intel's foundry technology to determine its suitability for advanced AI processor applications.Jun 11
• Morgan Stanley increased its stake in Intel, Capital Research Global Investors grew its holdings, and Norges Bank purchased a new stake in the company's shares.Jun 26