ChipsCNBC Techabout 1 hour ago
Intel stock drops 20% on weak PC forecast
3 min read
Intel shares fell 20% in extended trading Thursday after the chipmaker issued a weak fourth-quarter forecast citing PC market softness. Adjusted earnings per share were 52 cents versus 40 cents expected, while revenue reached $16.51 billion. Client computing revenue fell 5% to $8.1 billion, though data center and AI revenue jumped 78% to $7.3 billion.
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