Intel Corp. revenue sank more than expected in the third quarter as the company's sales of server chips suffered, sending shares down 10% in after-hours trading Thursday.

Topics:  corp   intel   sales   expected   
BING NEWS:
  • Intel falls as weak PC chip demand hurts second-quarter forecast
    Intel shares slumped more than 7% premarket on Friday after a downbeat second-quarter sales forecast signaled that the boom in AI technology was diverting enterprise spending away from its traditional ...
    04/25/2024 - 11:52 pm | View Link
  • Intel’s stock slides on weak forecast
    The company is forecasting a 40.2% gross margin in the second quarter, compared to 41% in the first quarter.
    04/25/2024 - 2:12 pm | View Link
  • Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues
    Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly ...
    04/25/2024 - 1:19 pm | View Link
  • Intel Stock Drops As Chipmaker Guides Below Views For Q2
    Chipmaking giant Intel beat Wall Street's earnings target for Q1 but guided below estimates for the current quarter.
    04/25/2024 - 10:56 am | View Link
  • Super Micro plunges as fears crop up that AI bubble is bursting
    Super Micro Computer plunged on Friday amid speculation about the company's upcoming quarterly results. Read for more.
    04/19/2024 - 7:57 am | View Link
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