Why Intel Stock Was Tumbling Today
Shares of Intel (NASDAQ: INTC) were taking a dive on Friday after the semiconductor giant offered a disappointing forecast for the second quarter, confirming fears that it's still missing out on the artificial intelligence (AI) boom.
As a result, the stock was down 9.7% as of 1:47 p.m. ET.
For the first quarter, Intel reported a 9% increase in revenue to $12.7 billion, well ahead of estimates at $11.9 billion. Revenue growth in its PC-focused client computing group bounced back, rising 31% to $7.5 billion, though the data center and AI segment was weak, with revenue up just 5% to $3 billion.
Source Fool.com
Intel Corp. Aktie
21,40 €
-0,19 %
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