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The Investor Who Bought Intel at the End of June Is Down $597 on Every $1,000 After Its Worst Day Since 1974
Weak Q4 guidance erased the rally as Intel fell 29% on Oct. 30, even after its data center revenue jumped 78% to $7.3 billion.
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The Investor Who Bought Intel at the End of June Is Down $597 on Every $1,000 After Its Worst Day Since 1974
Intel crushed earnings estimates and posted its fastest data center growth in 15 years, yet the stock cratered anyway. One number in the guidance spooked Wall Street, and the winners from longer holding periods might surprise you.
Intel is the worst-performing S&P 500 stock in Q4, down 57%, what exactly happened?
The recent development about Intel's latest quarterly results have raised concerns among investors. According to media reports, Intel's client computing business has faced pressure from a weakening demand of PC. The price of the memory is also rising. This factor is making computers more expensive and hence affecting the demand.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center2Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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