Technology8 sources
Intel Stock Plunges Due to PC Market Slowdown and Supply Issues
- Intel's stock fell between 16% and 20% after the company issued a lower-than-expected sales forecast.
- The PC market slowdown and a memory chip shortage are major factors affecting Intel's chip sales.
- Intel's data center revenue grew by 78%, but this couldn't offset the decline in PC chip sales.
- Intel's fourth-quarter revenue forecast is $15B to $16B, below the $17B analysts expected.
- Supply chain issues and factory bottlenecks are further complicating Intel's production and sales.
Articles (11)
CNBC·
Intel stock plunges 16% as chipmaker blames PC slowdown for weak guidance
Financial Times·
Intel stock falls 20% as weak sales outlook dents turnaround
FirstFT: Intel stock drops 20% as it forecasts weaker chip sales
The New York Times·
Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business
Bloomberg·
Supply Constraints a Swing Factor for Intel, Seaport's Goldberg Says
The Motley Fool·
Intel Server Sales Jump 78%, Q4 Outlook Dims: Rapid Earnings Reaction
What Intel's CEO Had to Say About Forecast, Demand
Forbes·
Intel Stock Plummets 16% On Weaker-Than-Expected Sales Forecast
The Next Web·
Intel shares sink as memory shortage drags its PC chip outlook
The Oregonian·
Intel shares plunge 18% as chipmaker confronts factory bottleneck, PC slowdown