Intel Shares Plunge 24% on Weak Fourth-Quarter Outlook
Intel’s fourth-quarter forecast points to lower sales and thinner margins, while prolonged PC weakness offsets strong data-center demand despite earnings growth.
Strong data-center demand couldn’t offset a prolonged PC slowdown and a fourth-quarter forecast pointing to lower sales and thinner margins.📉 Intel’s outlook gets a sharp downgrade💻 PC weakness offsets data-center strength🔎 Traders look beyond the quarterly beat