ChipsSilicon Republicabout 3 hours ago
Intel Shares Drop 24pc on Weak PC Forecast
2 min read
Intel shares dropped by nearly 24pc in pre-market trading on 30 October after the chipmaker announced a weak fourth-quarter forecast. The company expects between $15bn to $16bn in revenue, below analyst expectations of $17.1bn, as global PC shipments fell 21pc. CEO Lip-Bu Tan cited improving execution and supply expansion despite headwinds.
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