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-0.000120206755619557 -0.000168289457867516 0.000408702969106902 0.00129823296069244 0.00115398485394884 -0.000601033778098192 -0.00203149416997228 -0.00540930400288483
Stock impact report

Intel falls as weak PC chip demand hurts second-quarter forecast [Yahoo! Finance]

Microsoft Corporation (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Company Research Source: Yahoo! Finance
technology was diverting enterprise spending away from its traditional data center and PC chips. The stock has fallen around 30% so far this year as Intel trails rival chip companies like Nvidia in producing advanced artificial intelligence (AI) chips and components. Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data. "While we believe they are doing everything they can to try to repair things, it is clear that the company is profoundly broken, and it will take years to see the fruits of their (currently exhaustive) labor," Bernstein analysts said in a note. Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories. It also unveiled a new AI chip earlier this year in an effort to keep up with competition. Businesses have prioritized spending on advanced and speedy AI server chips, hurting demand for Intel's central processing un Show less Read more
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