Intel, stock
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Intel, AI chipmaker
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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 Corp. shares plunged 17% after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems.
Intel shares slid nearly 16% Friday morning, a day after the chipmaker told investors it hadn’t allocated enough production capacity to meet booming demand from data centers. “Revenue would have been meaningfully higher if we had more supply,
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
Intel is an essential name to the U.S. economy and the "Soprano-like" equity ownership by the government makes me want to own this company for the long haul.
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.
Intel’s momentum reflects optimism about AI and manufacturing efforts, but analysts say earnings could underscore some challenges as well.
Intel Corp.’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.