Intel’s Production Snags Delay New Processors and 2 Other Hot Stocks to Watch
Intel Corp. (NASDAQ:INTC): Current price $23.67
Intel has said that production holdups will cause a delay in making its new line of processors, causing doubts that it can crank out advanced tech that can draw orders in the rapidly-growing market for tablets and smartphones. The new Broadwell design for chips will commence output in the first quarter of next year, some three months later than planned, according to Chief Executive Brian Krzanich on Tuesday. However, shares are up about 0.60 percent Wednesday morning after Intel posted third-quarter earnings that surpassed estimates.