Intel shares having worst day in 15 months

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Intel is on pace to record its worst trading day loss since October of 2021 after the company reported poor quarterly and annual revenues.

"It is possible to argue that some of Intel’s woes are self-inflicted, as its inability to crack the mobile market has cost it sockets at Apple, which has started to use its own silicon chips in its Mac PCs, and Advanced Micro Devices has taken market share in the wider microprocessor market at Intel’s expense," Mould said.

"AMD's Genoa and Bergamo chips have a strong price-performance advantage compared to Intel's Sapphire Rapids processors, which should drive further AMD share gains," said Matt Wegner, analyst at YipitData. "The magnitude of the deterioration is stunning, and brings potential concern to the company's cash position over time."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in COİN

Coin Coin Latest News, Coin Coin Headlines