Bullish options flow was detected in INTC stock in early trading on January 6, 2020, after a DigiTimes article on January 3, 2020, revealed that Taiwan Semiconductor is ordering AI chips.
TSMC (TSM) and testing house KYEC have both obtained orders for automotive AI chips from Intel (INTC), with the orders set to generate revenues starting the second half of 2020, DigiTimes’ Julian Ho and Joseph Tsai report, citing industry sources. Source: https://www.digitimes.com/news/a20200103PD211.html
On December 18, 2019, Morgan Stanley analysts Joseph Moore and Craig Hettenbach upgraded their sector view on Semiconductors to In-Line from Cautious, stating that even though “nearly every company” in the group revised numbers down “basically every quarter,” their negative call for semis in 2019 was “clearly wrong given stock price performance.” Though they still have some caution about 2020 given the disruptive influence of trade tensions, their estimates are much closer to consensus now than they were six months ago, leading to the change in rating. The analysts said they are not moving to an Attractive industry view since they would push back on the secular view that semi demand will be better in the next five years than it was in the last five. The analysts maintain Intel (INTC) with an Overweight rating.