Intel Stock Slides as Weak Guidance Outweighs Earnings Beat

Key TakeawaysIntel shares sank in after-hours trading following disappointing second-quarter revenue guidance.The chipmaker reported better-than-expected earnings and revenue for the first quarter.Revenue gains were driven by growth in its personal computing, data center, and AI segments. Foundry revenue fell 10% year-over-year. Intel (INTC) stock dropped more than 9% in after-hours trading despite topping revenue and earnings estimates for the first three months of the year after issuing weaker-than-antici ...