Intel suffers worst decline in 17 months
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Over the last year, Intel shares have rallied more than double on hopes of a turnaround for the embattled American chipmaker.
Intel is on pace for its worst selloff in nearly 18 months. The stock’s recent run had put the struggling chip maker in a difficult position. Intel was down nearly 17% Friday. The selloff came after t
Investors rewarded Intel (NASDAQ:INTC) prematurely heading into earnings on January 22, but it ended up being a disappointment. Revenue and EPS both beat consensus, but it wasn’t enough to lift the mood.
Multiple reports have indicated that Apple is turning to Intel for future iPhone chips. Now, analyst Jeff Pu is
The troubled chip maker has seen its shares rise with AI demand and new investors, but revenue sagged 3.9% year-over-year to $13.7 billion.
Intel said on Jan. 22 it struggled to satisfy demand for its server chips used in AI data centers.
Shares fell 13% on weak Q1 guidance as manufacturing yields limit AI chip supply despite strong demand and Q4 revenue beat.
By Arsheeya Bajwa Jan 21 (Reuters) - Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.
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