Intel’s stock price dropped after their Q2 revenue and profit forecast fell short of expectations

  • On the positive side, overall sales and PC chip sales are up significantly, which is good news. This suggests their new Intel Core Ultra processors for AI PCs are gaining traction.
  • However, the data center and network/edge device segments are showing weakness. The decline in foundry revenue is also concerning.

These contrasting factors likely caused the negative reaction from investors in after-hours trading, outweighing the positive sales figures.

  • Positives: Strong growth in overall sales (9%) and PC chip sales (31%)
  • Negatives: Lower-than-expected growth in data center chips (5%) and decline in sales for network/edge devices (8%) and foundry business (10%)

This highlights the ongoing challenges for Intel, particularly in keeping up with demand for advanced components outside of the PC market.

Next Post

The RBI decided to keep the Repo rate unchanged at 6.5%.

Fri Jun 7 , 2024
As of June 7,2024, the RBI decided to keep the Repo rate unchanged at 6.5%. This marks the eighth time in a row the rate has been held steady. Maintaining Focus on Inflation: The RBI prioritizes controlling inflation, especially considering recent food price increases.Even though overall inflation (4.83%) is within […]
Rbi1

You May Like