Intel's stock falls
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Intel is on pace for its worst selloff in nearly 18 months. The stock’s recent run had put the struggling chip maker in a difficult position. Intel was down nearly 17% Friday. The selloff came after t
Intel’s CFO told Barron’s that the company is still facing “supply constraints.”
Intel shares slid nearly 16% Friday morning, a day after the chipmaker told investors it hadn’t allocated enough production capacity to meet booming demand from data centers. “Revenue would have been meaningfully higher if we had more supply,
Intel’s stock is headed for its worst drop in a year and a half as earnings commentary fails to meet investors’ lofty expectations.
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Intel's quarter was fine, but its near-term outlook is still being held back by supply -- and the stock does not look cheap enough to ignore that.
Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
Intel stock fell as much as 16% Friday after its first quarter financial outlook fell short of Wall Street's expectations and after executives said the company struggled to keep u