Intel’s ‘Historic Collapse’ Set To Erase $10 Billion From Market Value | DNYUZ

Intel Corp’s stock plummeted on Friday after the chipmaker reported dismal earnings projections and fanning fears around a slump in the personal-computer market. Intel’s stock dropped by more than 7%, while rival Advanced Micro Devices and Nvidia recovered from steep premarket losses to trade flat. Intel’s supplier, KLA Corp, fell by 5%.

Intel reported a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business. Intel’s dismal performance was compared to the dot-com bubble, with analysts cutting their price targets on the stock.

The news of Intel’s performance sent shockwaves throughout the tech industry, with analysts and investors worrying that the PC market is slowing down and Intel is not prepared to handle the challenge. Analysts have speculated that Intel’s failure to stay ahead of the curve in the chip market is a sign of a larger problem for the company.

Intel’s stock has been volatile in recent months as the company has struggled to keep up with the competition in the chip market. Intel has been unable to keep up with the rapid pace of innovation from its rivals, leaving Intel in a vulnerable position.

The company is now facing a difficult time as the demand for personal computers is slowing and Intel’s sales growth has been slowing. Intel is also facing increasing competition from AMD and Nvidia in the CPU market, which has put additional pressure on Intel’s profits.

Intel’s future is uncertain as the company is now facing the possibility of a long-term decline in the PC market. Intel needs to find ways to innovate and stay ahead of the competition in order to remain competitive. If Intel fails to do so, it could leave itself exposed to further losses and eventually be forced to abandon the PC market altogether…….[read more]

Rising Dough

What does the decline of Intel tell us about the tech industry in this current market? How will this affect the companies that use Intel chips?

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