Intel on pace for worst day since 2020 on weak outlook
Publishing timestamp: 2024-01-26 12:51:09
Summary
Intel shares slumped 12% after the chipmaker announced a weak forecast for the current quarter. While Intel beat on profit and revenue in its earnings report, the forecast for the first quarter fell far short of analysts' estimates. The company cited weakness in its Mobileye and programmable chip units, but stated that its core businesses of PC and server chips remained "healthy."
Sentiment: NEGATIVE
Keywords: business news, mobile, intel corp, technology, earnings, apple inc, mobileye global inc, business, breaking news: technology,
Source: https://www.cnbc.com/2024/01/26/intel-on-pace-for-worst-day-since-2020-on-weak-outlook-.html