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Stockreport

Intel falls as weak PC chip demand hurts second-quarter forecast [Reuters]

Microsoft Corporation (MSFT)  More Company Research Source: Reuters
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
signaled that the boom in AI 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. Report this ad 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 spree across four U.S. states to build and expand factories. It also unveiled a 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 pro [Read more]
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Stockreport

Intel falls as weak PC chip demand hurts second-quarter forecast [Reuters]

Microsoft Corporation  (MSFT) 
More Company Research Source: Reuters
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
signaled that the boom in AI 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. Report this ad 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 spree across four U.S. states to build and expand factories. It also unveiled a 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 pro [Read more]
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MSFT
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