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The news was anticipated after Nvidia split its stock in June, but it nonetheless marks the end of an era for Intel, which has been part of the Dow for 25 years. As of 11:16 a.m. ET, shares of ...
Intel has been a Dow component since 1999, so the move will bring its 25-year run to an end. Shares of the chip stock sold off on the news, falling 1.8% in the after-hours session.
Intel's revenue for the upcoming quarter is expected to fall more than 10% year over year to $13.8 billion, per Bloomberg consensus estimates, and earnings per share are projected to drop 77% to ...
The Lisa Su-led company is expected to report a more than two-fold rise in data center revenue thanks to its AI chips, while Intel's data center revenue is expected to drop about 17%, the 10th ...
That included an 8% decline in Intel’s Client Computing Group, which sells chips for PCs; a 20% drop in Data Center and AI revenue; and a 31% decrease in Network and Edge sales.
Intel's stock price rose more than 3% when markets opened on Monday. Frank Yeary, Intel's chair, thanked Gelsinger and said the company needed to restore investor confidence.
Intel’s revenue shriveled to $54 billion in 2023, down nearly one-third from the year Gelsinger took over. Analysts expect Intel to lose $3.68 billion this year, its first annual net loss since ...
According to data from S&P Global Market Intelligence, the stock finished August down 28.2%. You can see its performance in the chart below. You can see its performance in the chart below. INTC Chart