<div id="readability-page-1"><p>Chip stock Intel (INTC) offered some good news for those who have enjoyed the Arc Battlemage graphics processing unit (GPU) so far. This particular item does not seem to be going away any time soon. A closer look at Intel's new GPU drivers suggests the Arc series will stick around for quite a while. Investors, though, were oddly displeased about this, based on the loss of over 2% that Intel shares saw in Thursday afternoon's trading.</p><h3>President's Day Sale - 70% Off</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>A look at the Intel Arc 32.0.101.8509 WHQL driver package, just released earlier this week, featured an exciting conclusion that the Arc line is here to stay. In fact, the new drivers are offering benefit to older Intel Arc releases as well. The ASRock Arc A770 Phantom OC, in the 16 gigabyte variety, has had &#34;…something of a second spring…&#34; thanks to the addition of multi-frame generation (MFG) support.</p> <p>Reports also noted that the Alchemist variant is doing well too, especially for those who use the XeLL option, which offers a low latency function. Recent tests were conducted using several different PC games, including <em>Hogwarts Legacy</em> and <em>Dying Light: The Beast</em>. While some games did better than others, there was still solid performance reported across the entire lineup of tested properties.</p> <h2><strong>OpenPGL Project Gets Moved</strong></h2> <p>Intel recently shut down operations for the OpenPGL project, but the project managed to find new life elsewhere. The project, which allowed for significant improvement for path-based rendering systems, found use at places like Blender. But Intel shut the project down last year, and the Academy Software Foundation (ASWF) quietly picked up the project.</p> <p>A vote by the Technical Advisory Council allowed the ASWF to step in on OpenPGL, and with it, offer access to its various components once more. Reports suggest this is a good fit, as the ASWF is a hosted project of the Linux Foundation, allowing for more developments in open-source operations.</p> <h2><strong>Is Intel a Buy, Hold or Sell?</strong></h2> <p>Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on eight Buys, 21 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 74.24% rally in its share price over the past year, the average INTC price target of $48.21 per share implies 8.11% upside potential.</p></div>

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<p>Intel's Arc series GPUs are confirmed to remain in production, with new drivers enhancing performance for older models. Despite this positive news, Intel's stock (NASDAQ: INTC) fell over 2% in Thursday trading. Analysts maintain a Hold rating on the stock, with a consensus of eight Buys, 21 Holds, and four Sells. The average price target is $48.21, suggesting an 8.11% upside potential. Additionally, the OpenPGL project has been revived by the Academy Software Foundation after Intel's shutdown, promising further developments in open-source rendering systems.</p>

- Intel's Arc Battlemage graphics processing unit (GPU) is expected to remain available for the long term, contrary to investor reactions, as Intel shares dropped over 2%.  
- The newly released Intel Arc 32.0.101.8509 WHQL driver package indicates ongoing benefits for previous Arc releases, enhancing performance with features like multi-frame generation support.  
- Despite a recent strong performance rally, Wall Street analysts have assigned a Hold consensus rating to Intel stock, reflecting cautious sentiment with a potential upside target of 8.11%.

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The Arc Series Is Not Out of Action Yet: Intel Stock (NASDAQ:INTC) Slides Regardless