Intel shares fall after providing weak forecast for the current quarter
by CNBC
CNBC— 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.
ETtech.com—Intel forecast misses estimates; shares tumble. 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,...
Bloomberg—Intel Gives Weak Forecast in Sign That Turnaround Is Slow Going. Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current...
Bloomberg—Intel Gives Weak Forecast in Sign That Turnaround Is Slow Going. Intel Corp., the biggest maker of personal computer processors, gave a lackluster forecast for the current period, indicating that it's...