Intel just served up a wave of very bad news for investors.The stock of Intel (INTC -28.11%) is getting crushed in Friday's trading. The company's share price was down 29% as of 10:30 a.m. ET today, according to data from S&P Global Market Intelligence.Intel published its second-quarter results after the market closed yesterday, and sales and earnings missed Wall Street's expectations. Making matters worse, the semiconductor company also issued weak guidance, announced extensive layoffs, and said that it wo ...

ToplineIntel shares nosedived Friday after the American stalwart announced an array of bad news including hefty layoffs and disappointing earnings, setting the chipmaker on track for its worst day in decades and dragging the entire market down as it ignites a massive selloff of global semiconductor stocks.Intel shares plummeted amid a broader chip stock rout on Friday. NurPhoto via Getty Images Key FactsIntel shares fell nearly 30% on Friday morning after the company said it was cutting more than 15% of its ...

JHVEPhoto Intel (NASDAQ:INTC) shares crashed more than 20% in after hours trading, after the company reported a weaker than expected Q2 print, disappointing against Wall Street estimates on both topline and earnings. Notably, revenue in the June quarter fell YoY, while GAAP EPS came in at a barely profitable $0.02 per share (GAAP EPS was negative). In addition, guidance for Q3 came in worse than what analysts projected, at $12.5 to $13.5 billion. Responding to the disappointing earnings print, management an ...

Intel Corporation (INTC) reported lackluster second-quarter 2024 results owing to soft demand trends and stiff export restrictions that hindered top-line growth. Despite solid traction from its IDM 2.0 (integrated device manufacturing) strategy, margins were significantly affected by an accelerated ramp-up of AI PC, charges related to non-core businesses and unused capacity, unfavorable product mix and competitive pricing by rivals. Consequently, both the top and bottom lines missed the respective Zacks Con ...

Intel Corporation (NASDAQ: INTC), once a dominant force in the semiconductor industry, is facing intense scrutiny from financial analysts following disappointing second-quarter earnings and a challenging profit forecast. As Intel navigates strategic hurdles and a rapidly changing market landscape, several leading financial institutions have drastically lowered their price targets for INTC stock, reflecting growing concerns about its future performance.Analysts’ INTC stock downgrades are a grim consensusSusq ...

Klaus Vedfelt/DigitalVision via Getty Images Being a contrarian-minded investor, the thought of a value play on beleaguered Intel Corporation (NASDAQ:INTC) (NEOE:INTC:CA) has crossed my mind on several occasions. At one point, I made a profitable short-term trade on the Long side. I've also written a few out-of-the-money (OTM) put options on the ticker this year. I came through unscathed in all cases. I was tending to sell calls with strikes in the high 20s whenever Intel reverted down to the ~$30 level. Lo ...

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Amid weak pre-market price performance of other big stocks, including Amazon (NASDAQ: AMZN) and Opendoor Technologies (NASDAQ: OPEN), the shares of American multinational corporation and technology company Intel (NASDAQ: INTC) have followed suit in what might be their largest dip in 24 years.As it happens, the price of Intel stock has dropped over 20% in pre-market, which is the culmination of the relatively poor performance in the past five days, adding up to the 20.51% decline, as well as accumulating a l ...

Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia Corp. Photographer: Annabelle Chih/Bloomberg via Getty Images Global semiconductor stocks fell on Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a g ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The symbol for Intel appears on a screen at the Nasdaq MarketSite, on Oct. 1, 2019 in New York. Intel Corp. Intel reports earnings on Thursday, Aug. 1, 2024. Credit: AP Photo/Richard Drew, File Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with m ...