Intel Stock Plummets Nearly 30% on Chipmaker’s ‘Terrible’ Outlook
10 Articles
10 Articles
Intel's financial director, David Zinsner, predicted that "the PC market slowdown will continue for at least the first half of next year."
The chip manufacturer anticipated a negative cash flow for this year and projected revenues below market expectations; he also warned that the weakness of the computer business could extend to the first half of 2027
The semiconductor manufacturer loses 11,609 million until September despite the growth of 78% of its data center business and inteligen...
The US manufacturer of Intel semiconductors starred this Friday in one of the most dramatic episodes of its history on Wall Street. Its shares fell by about 30%, leading to the company’s worst daily setback since its departure to the stock market. The collapse represented a loss of nearly $150 billion in its stock market capitalization and set off alarms throughout the technology sector. The punishment of investors came after the company present…
Wall Street stock markets opened up in sharp decline on Friday morning, notably with the fall of many technological titles.
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