Intel Corporation (NASDAQ:INTC) shares are roughly flat ahead of the close Thursday. The company is set to report second quarter earnings after the market close.
What To Know: The company is expected to report a loss of three cents per share and revenue of $10.97 billion.
Semiconductor earnings are highly anticipated this quarter amid investor interest in AI. Shares of companies in the semiconductor and chip space traded higher today following strong earnings from Lam Research.
Additionally, Rosenblatt analyst Hans Mosesmann reiterated Intel with a Sell and maintained the $17 price targe.
Related Link: Bullish Analysts Raise Lithia Motors Price Target Post Stellar Q2 FY23 Performance
INTC Price Action: Shares of INTC were up 0.3% at $34.37 at the time of publication, according to Benzinga Pro.
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