If you belong to the buying the dip strategy fanbase you might be eyeing on Intel Corp (NASDAQ:INTC). So here's a recap of the recent updates with Intel:

• Q3 report schedule: Intel's third-quarter financial 2024 will be reported on Thursday, October 31, 2024 after the market closes. And they welcome investors and interested parties to join their earnings call at 2 p.m. PDT on the same day to discuss the results. After the freefall of Intel's stock following the Q2 report result, many investors will be seeking for any sign of hope in the next earnings announcement.

• Overclaim of Intel's new chip: Intel's Core Ultra 200S series, which are scheduled to be on sale October 24; is claimed to consume less power. A review from CNET revealed otherwise that they had an issue with the power consumption when it was advertised as less power consumption than processors from other companies.

• Next Generation of Xe3 line: Intel announced that they are working on the next generation of Xe3 graphics and next year's Panther Lake tools will be the first to include the graphics.

• Another round of layoffs: After hiring one new global channel chief, Dave Guzzi, Intel plans to lay off around 15,000 to 19,000 workers next week and the managers have already turned in the lists of the layoffs. Half of the 15,000 cuts are prepared to get their early retirement and separation benefits, but the other 7,500 employees are potentially left with uncertainty.

• Single-core Arrow Lake chip testing gave solid results: The example of their Arrow Lake Core Ultra 9 285K which was tested as a pre-release engineering sample gave solid results according to PassMark software. The newest report said that Intel's Arrow Lake processors are worth buying.

• Collaborations: Intel is doing good with their new 18A chip and decided to invest $25 billion in microchip foundry in Israel. They also had signed a multi-year co-investment with Amazon Web Services (AWS) to design custom AI chips, the project worth multi-billion dollars.

• AI Playground: Intel has launched AI Playground, a platform to do all-in-one AI capabilities like generate pictures from words, improve image quality, answer questions, summarize documents, and translate text.

• Worrying Q2 report: In the second quarter of this year, Intel reported a $1.6 billion loss with a towering debt of $53 billion and negative cash flow of $12.58 billion in the trailing twelve months.

• Disruption to ultra-pure quartz supply chain: Pure quartz is essential for semiconductor production, used to melt polysilicon into computer-chip grade silicon. Hurricane Helene disaster damaged the ultra-pure quartz from Spruce Pine in North Carolina and disrupted the quartz supply chain. Certainly there are many other quartz mines in the world but not with the same quality found in the Spruce Pine.

• Downgrade rating from analysts: On Wall Street, with only one analyst declaring a Buy, other 26 analysts just wait and see with their Hold rating, 6 already downgraded their ratings to Sell. Deutsche Bank is one example firm that lowered their price target on Intel from $27 to $25.

• No more sales of Gaudi 3 chip: After working on their Gaudi 3 artificial intelligence (AI) accelerator chip in the last few years, Intel decided to stop their Gaudi 3 chips sales for 2025. Previously Intel planned to ship around 300,000 Gaudi chips for 2025 but they revoke the intention.

• Normal operations after processor crashes: Intel's Raptor Lake processors crashed due to high voltage that went to the processors. After the root cause was found, the processor was reported to be on normal operations and no damage occurred.

• Two new processors: TechRadar reported Intel launched The Granite Rapids processor, marketed with a $17,800 price tag, that came with 128 high-performance cores and can reach speeds of up to 3.9 GHz. And there is the Core Ultra 7 GPU from the Lunar Lake lineup processor. The processor is proved to be significantly faster from the Steam Deck's custom processor.

• Buybacks no longer attractive: Share buyback plans often increase the share prices. But their buyback as of June 29, 2024, with a total value of $110 billion, no longer leverages their shares price. Out of $110 billion, they had only used $92.76 billion and left $7.24 billion remaining to use to buy back their shares.Don't just read the latest news - make informed investment decisions. Visit GuruFocus today and dive deeper into Intel's performance with Charts & Guru Insights

This article first appeared on GuruFocus.