Analysts Say Intel Chips Will Be Ready Soon. Stocks Are Rising.

A presentation given by Intel executives to investors on Wednesday helped the shares of Intel INTC +2.30% steer the company in the direction of its best month since 2001.

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SIG (Susquehanna International Group), a subsidiary of Susquehanna International Corporation, said a "major improvement" in Intel's stated roadmaps for next-generation data centers has been hit or even pulled in. If you read the note below, SIG indicates Intel hit or even pulled in its stated road maps.

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It is now up almost 20% in March, which would make it Intel's most successful month since it gained 33% in November 2001 during which it gained over 20 %. Intel (ticker: INTC) shares are up more than 20% in March, which would make it their most successful month since November 2001 when they gained 33%.

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Following a recent loss of market share to Advanced Micro Devices AMD +1.77% (AMD) in recent years, executives at the investor presentation shared updates on chip production schedules. AMD shares increased 2.6% after Intel said Clearwater Forest would be released in 2025.

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The share price has dropped more than 35% since a year ago, despite the fact that not all analysts believe it to be a material change to the outlook.

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Oppenheimer analysts led by Rick Shafer, who give the shares a Perform rating, said that Intel is making good progress towards gaining process leadership and building out its own software ecosystem, but it appears management is still in a prove-it mode as their turnaround efforts play out. The company will remain a spectator on the sidelines.

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A similar view was expressed by KeyBanc's John Vinh. While he did not claim that AMD's performance gap would be closed in the near future, Vinh said in his note that the company would need to show progress to maintain market share against AMD.