Intel shares fall after providing weak forecast for the current quarter - NBC New York

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Intel shares fall after providing weak forecast for the current quarter - NBC New York. View article details on HISWAI: https://www.nbcnewyork.com/news/national-international/intel-shares-fall-after-providing-weak-forecast-for-the-current-quarter/5354887/

Summary

Intel exceeded earnings per share expectations but underperformed in sales, leading to a drop in stock price. Despite this, CEO Pat Gelsinger emphasized Intel's role in advancing chip technology, facing competition from Nvidia and others in the semiconductors industry, particularly in AI and GPUs.

Article found on: www.nbcnewyork.com

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