ChipsQuartzabout 3 hours ago
Intel Earnings Drop Causes AMD Stock Fall
2 min read
Intel reported third-quarter revenue of $16.5 billion, up 21%, but forecast fourth-quarter revenue of $15.0 billion to $16.0 billion. Consequently, Intel stock fell more than 27% in premarket trading. Analysts expected $17.1 billion, while a fab explosion in Israel reduces revenue by roughly $600 million across two quarters.
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