No Data
No Data
Intel Disappointed Investors. For Corporate Customers, It's Still Good Enough
Tech Giants With Poor Q2 Results Dominate Top Trending Stocks This Week
Benzinga Bulls And Bears: Tesla, Microsoft, Intel, CrowdStrike And Crypto Trader Says Dogecoin's Bull Run Has 'Not Even Begun Yet'
Is Intel at Risk of Getting Booted From the Dow?
Decoding Intel Corp (INTC): A Strategic SWOT Insight
Intel saw its biggest drop since 1982, with revenue outlook falling short of expectations.
Intel's stock price suffered its largest drop in over 40 years after the company issued a grim growth forecast and announced plans to lay off 0.015 million employees, indicating the chip maker is ill-prepared for competition in the era of artificial intelligence. On Friday, its stock fell 26% to $21.48, causing the market cap to evaporate by about $32 billion, making it the biggest single-day drop since at least 1982. The company forecasted its Q3 revenue to be between $12.5 billion to $13.5 billion, while the average analyst expectation was $14.38 billion. Intel expects a loss of 3 cents per share excluding special items, while analysts estimated earnings per share of 3.
No Data