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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 is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once ...
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 ...
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.
INTC data by YCharts. Intel shocks investors. It's hard for a supposed blue-chip stock like Intel to deliver as much bad news as the chipmaker did in a single quarter, and the upshot of the report ...
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 ...
Intel last year scrapped a 2024 forecast that it would sell over $500 million worth of its new AI processors, named Gaudi, suggesting they struggled to compete against Nvidia's chips.