Intel falls 1.82% as chip rally fades and PC slump clouds Q4
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Intel (NASDAQ:INTC) shares fell 1.82% to $58.29 as of 11:05 a.m. ET in regular trading on November 10, giving back part of Monday's 5.49% jump. Chip shares cooled after October consumer prices came in hotter than expected, lifting…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe share drop reflects cooling chip stocks and weak fourth-quarter guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel fell to $58.29, giving back part of Monday's 5.49% jump.
- 02Third-quarter revenue rose 21% to $16.5 billion.
- 03Fourth-quarter guidance calls for revenue of $15.0 to $16.0 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets