Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.
Intel (INTC) announced its first quarter earnings results after the bell on
Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components. Businesses have prioritized spending on advanced and speedy artificial intelligence server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. Helped by its software,...
The latest trading day saw Intel (INTC) settling at $36.31, representing a
After a steady rise in recent times, this Fool thinks Scottish Mortgage
Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.
Europe's adoption of electric vehicles lags as EV market shares fall to 12% at the start of the year.
(Reuters) -Harley-Davidson on Thursday reported a 23% decline in first-quarter profit, hurt by slowing motorcycle sales as high borrowing costs deter potential buyers from making expensive purchases, sending its shares down 18% in afternoon trade. The company also reaffirmed its full-year revenue growth forecast of flat to down 9% for its motorcycle business and an operating income margin of between 12.6% and 13.6%, the top end of which was in line with the year-earlier number. "We're really...
IBM separately announced it would buy HashiCorp, which sells software to manage cloud-computing operations, for $6.4 billion.
NBC’s Kaylee Hartung to discuss their upcoming film “The Fall Guy,” what it was like working with each other for the first time, and if they’ll ever finish hashing out the “Barbenheimer” beef. “Never,” says Emily!
The brokerage's commentary follows Reuters report earlier this month that Tesla decided to cancel its long-promised inexpensive car that investors hoped would drive growth, while continuing to develop Robotaxis on the same vehicle platform. Tesla has been pushing for greater adoption of its full self-driving advanced driver assistance software ahead of unveiling Robotaxi in August. "The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable...