Intel Corp. shares fell after the chipmaker issued a revenue forecast for the current period that fell short of analysts’ expectations.
It’s no secret that Intel has been struggling on the AI front—its laggard status helped to fell CEO Pat Gelsinger two months ago—but the company made the extent of the problem crystal-clear on Thursday.
Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
A report last month said its 18A process, which was supposed to be a "turning point" for Intel Foundry, is only achieving 10% yield rates, which industry site wccftech says makes "it impossible for the semiconductor to reach mass-production stages."
Intel stock is struggling for direction Friday after the chipmaker reported a fourth-quarter beat but gave weak guidance. Here's what Wall Street has to say.
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.
Less than three months since Intel was awarded $7.68bn in milestone-based federal grants, the company has received $2.2bn of that allotment.
The good news about chip stock Intel (INTC) is that it can still get high-profile clients interested in using Intel’s processors to drive new
Among the panoply of earnings reports we see this week, chip stock Intel (INTC) is poised to roll out its own report. And, for the most part,
When Intel released its Xeon 6980P processor, it put the MSRP at $17,800. That price dropped to $12,460, making for a 30% cut in one move. By contrast, the 5th generation AMD Epyc 9654 has an MSRP of $11,805. Intel’s new pricing puts its flagship Granite Rapids Xeon processor in a much more competitive position against the Epyc line.
Tulsi Gabbard, Trump's pick to be Director of National Intelligence, refused to call Edward Snowden a traitor at her confirmation hearing.