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 (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 Corp. somehow managed to beat expectations despite facing softness in the personal computer market, but its weak forecast for the current quarter sparked panic among investors, and its stock...
PALO ALTO, California -- Shares of U.S. chip giant Intel plunged more than 20% during extended trading Thursday after the company released third-quarter results while cautioning investors the PC...
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 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...
The chip maker warned that challenges in the segment, driven by high memory-chip prices, will continue into 2028.
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...
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.
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
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...
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 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...
This comes amid shortages of some raw materials and a shutdown of a factory in Israel Read more at The Business Times.
Intel forecast fourth-quarter revenue of $15B to $16B, below the $17B analysts expected, as a memory chip shortage hits PC demand and supply problems slow its data centre unit. Shares fell more...
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