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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 ...
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 ...
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 ...
Main Menu. News. News. Entertainment. Lighter Side. ... Intel's PC revenue is expected to drop more than 11% in the fourth quarter as the sales of those devices remain tepid. ... CBS News. Here's ...
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.