GgoogleSE first seen 3 d ago, last 3 d ago, peak #1

Intel stock plunges after weak fourth-quarter forecast

Original: intel stock

Intel shares dropped roughly 16-20% after the chipmaker topped third-quarter earnings estimates but issued a weak fourth-quarter outlook on sluggish PC sales. Third-quarter revenue rose about 21%, driven by strong data center and server CPU demand, yet AI-related pressures weighed on parts of its business. Analysts note AI PCs are selling, but a broader PC market recovery has yet to materialise.

Why now: Intel's sharp share-price fall after its earnings report and disappointing guidance is rattling investors across multiple countries.

Intel

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Rank over time, top of the chart is #1. 34 snapshots from 3 d ago to 3 d ago.

Evidence

Intel's AI PCs are selling, but the wider PC recovery is still missing · digitimes
Intel tops Q3 earnings estimates, but falls short of Q4 outlook on sluggish PC sales as stock plunges 20% · Yahoo Finance
US chipmaker Intel posts 21% revenue jump in Q3 on data center demand · Anadolu Ajansı
FirstFT: Intel stock drops 16% as it forecasts weaker chip sales · Financial Times
Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business · The New York Times
Intel Preview: Server CPU Boom Creates Opportunity for Improved Results · XTB.com

Elsewhere

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