ChipsSiliconANGLEabout 1 hour ago
Intel Shares Plummet 22% on Weak Guidance
6 min read
Intel Corp. shares fell more than 22% in late trading after the chipmaker issued weak fourth-quarter guidance of 25 cents per share. Revenue rose 21% to $16.51 billion, yet client computing revenue dropped 5% to $8.1 billion. CEO Lip-Bu Tan cited a tragic explosion in Israel costing $600 million in lost revenue over the next two quarters.
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