Intel shares fall 22% as weak sales outlook dents turnaround

Chipmaker forecasts lower than expected PC chip sales and falling margins

Covered by 11 publishers within 12 hours of the first report.

• Latest 11:42 PM ET DigiTimes: Intel's server surge faces a supply setback as PC weakness persists

Summary from Financial Times.

Reporting11

FT Financial Times Intel shares fall 22% as weak sales outlook dents turnaround 4:02 PM

BL Bloomberg Intel Shares Plunge After Outlook Hit by PC Slump, Supply Snags · Ian King 4:02 PM

TNW The Next Web Intel shares sink as memory shortage drags its PC chip outlook · Ana-Maria Stanciuc 4:22 PM

CTE CTech Intel shares plunge as Israel factory blast compounds weak outlook 4:24 PM

QZ Quartz Intel stock falls more than 22% after revenue forecast misses on PC weakness · Colleen Cabili 4:30 PM

CN CNBC Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance 4:47 PM

WSJ Wall Street Journal Intel Shares Plunge More Than 20% on Weak PC-Market Outlook · Anissa Gardizy 6:33 PM

TI The Information Intel Shares Drop More Than 20% After Weak Sales Forecast · Kevin McLaughlin 7:56 PM

DT DigiTimes Intel's AI PCs are selling, but the wider PC recovery is still missing · DIGITIMES 8:10 PM

SA SiliconANGLE Intel shares plummet more than 20% following weak guidance blamed on PC market slowdown · Mike Wheatley 9:17 PM

ET The Economic Times Intel forecast disappoints as Israel fab blast, PC weakness weigh 3:42 AM

Related

DT Intel CEO sees quantum computing as third pillar October 29

TNW Intel to buy quantum software firm Classiq for about $2.3bn October 26

PC Intel Fears US Ban on Foreign-Made Robots Could Disrupt Its Factories October 19

CTE Intel CEO Tan puts restructuring progress at 80% October 18

Topics Intel