Intel issued a weaker-than-expected outlook for the current quarter amid a slowdown in global PC sales, leading several analysts to lower their price targets on the stock.
Intel issued weaker-than-expected guidance. Analysts are losing confidence in the stock
Intel issued a weaker-than-expected outlook for the current quarter amid a slowdown in global PC sales, leading several analysts to lower their price targets on the stock.
Same Story from Other Publications
Compare how 6 other independent news outlets reported on this story.
Intel's stock crashes, knocking $12B from government's stake | TechCrunch
Intel is being hurt by PC sales as the AI industry gobbles memory and other components causing PC prices to rise.
Nasdaq slides, Intel drops 30pc on earnings miss
The core businesses of America’s technology giants are starting to show signs of slowing, as investors grow wary of the artificial intelligence trade.
Intel says it’s selling every affordable laptop chip it can make
Intel’s not expecting the RAM shortage to end any time soon.
Intel shares sink as memory shortage drags its PC chip outlook
Intel forecast Q4 sales of $15B to $16B, short of the $17B analysts expected, as a memory shortage hits PC demand. Its shares fell more than 20% late on.
Report: Trump did nothing with intel that China planted spy close to Nvidia CEO
Spy accused of exploiting Trump ties to Huang, funneling secrets to China.
Health intel-sharing group warns industry in wake of cyberattack on French blood bank
A healthcare intelligence-sharing organization is warning its members to lock down systems following cyberattacks on cold storage systems, including a French blood bank.