Intel's Recovery Hits a Speed Bump, but It's Too Early to Hit the Panic Button
Macroeconomic headwinds have caught up with Intel (NASDAQ: INTC) based on the semiconductor giant's weaker-than-expected forecast included in its first-quarter 2022 results, released on April 28.
Shares of the company slipped nearly 7% afterthe report as investors were worried about a slowdown in PC (personal computer) demand, especially from the consumer and education segments on account of surging inflation. Coronavirus-related shutdowns in China and the Russia-Ukraine war, meanwhile, are throttling Intel's supply chain and its ability to source components.
Let's take a closer look at Intel's numbers and see why it is too early to write off the company's turnaround.
Source Fool.com
