Intel shares fell roughly 29% on Friday to $65.76 after the company's fourth-quarter outlook came in well below Wall Street expectations. According to CNBC, it was the stock's worst day since the...
Intel (INTC) shares plunged more than 20% in extended trading on Thursday, Oct. 29, after the chipmaker issued a disappointing fourth-quarter forecast and warned that a slowdown in the PC market...
Intel beat third-quarter earnings expectations, but warned of a prolonged PC slump, sending shares to their worst daily decline in 50 years.
Chip stocks plummeted Friday after Intel warned that sluggish personal computer sales would crimp its fourth-quarter results.
'We see the PC slowdown continuing at least through the first half of next year,' said Intel's CFO.
Intel sank 30% on Friday and was headed for its biggest one-day decline ever, deepening a selloff in tech stocks as weakening PC demand and the soaring costs of the AI boom rattled investors.
Intel shares dropped more than 23% in extended trading following its third-quarter earnings, as the chipmaker forecast a decline in revenue growth for its current quarter due in part to slowing...
Intel shares plunged 23% after hours on Thursday after the chip maker warned it would burn cash this year due to the faltering PC market, bottlenecks in manufacturing and heavy spending on...
Chipmaker Intel guided significantly below expectations for the fourth quarter after posting a mixed Q3 report. Intel stock tumbled.
Intel shares fall after Israel factory blast and weak PC demand hit revenue outlook
Intel's shares sink 20 percent after it says deadly explosion at server chip plant in Israel to reduce revenues by $600m
The guidance could test confidence in a stock that has more than doubled this year, as investors weigh ongoing manufacturing constraints and soft PC demand against strong demand for its AI server...
Intel Foundry operating losses down QoQ, with chipmaker claiming 14A customer announcements are coming soon
The company says the accident will cost about $300 million in fourth-quarter revenue and 200 basis points of gross margin and expects a similar revenue impact in the first quarter .
The chipmaker forecast fourth-quarter revenue of $15 billion to $16 billion, below Wall Street expectations, as a production disruption in Israel and a prolonged PC slowdown weigh on its outlook...
Intel shares plunged nearly 27% in premarket trading on Friday, October 30, after the chipmaker warned of weaker demand for personal computers (PCs), rising memory prices and manufacturing...
A stronger-than-expected third quarter failed to reassure investors, with disappointing revenue guidance, manufacturing constraints and a weakening PC market raising fresh questions about the...
"The industry continues to navigate one of the most significant supply shortages in history," Intel CEO Lip-Bu Tan said on an earnings call.
Intel shares slumped more than 19% in after-hours trading after the chipmaker issued a weaker-than-expected fourth-quarter revenue forecast, weighed down by sluggish demand for PC processors and...
Intel has been a Wall Street darling this year due to its emergence as a player in AI, but the company is being weighed down by a struggling PC market.
Intel Corp. plunged in late trading after its revenue forecast missed analysts’ estimates, hurt by sputtering demand for PC processors and supply-chain problems with its lucrative data center...
The chipmaker, whose largest investor is the U.S. government, reported that the A.I. boom’s domino effect had hurt sales to personal computer makers.
This comes amid shortages of some raw materials and a shutdown of a factory in Israel Read more at The Business Times.
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.