bunhill Well, it was tempting to buy Intel Corporation (NASDAQ:INTC) just a few weeks ago when it seemed the stock was catching a bid into earnings. There was hope that they had figured things out, and a more domestic chip company would do better in this macro/geopolitical climate. T But this Q2 earnings report that was just released was a disaster. A double-line miss, a down guide for Q3 below estimates, and now completely suspending the dividend (starting in the fourth quarter) after cutting it severa ...

Intel, the chipmaker, has announced plans to cut more than 15,000 jobs as it tries to cut billions of dollars in costs and turn its business around to compete with more successful rivals.Shares in the company sank 19% as a string of leading technology stocks came under pressure on Thursday following a fresh batch of lackluster earnings that contributed to a sell-off on Wall Street.Intel said it would cut 15% of its massive workforce in a bid to “resize and refocus”, with the bulk of the layoffs taking place ...

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024.Intel shares slid as much as 14% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned. Intel also said it would not pay its dividend in the fiscal fourth quarter of 2024.Here's how the company did, compared to LSEG analyst expectatio ...

Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 News Release Intel Reports Second-Quarter 2024 Financial Results Announces $10 Billion Cost Reduction Plan to Increase Efficiency and Market Competitiveness NEWS SUMMARY ▪ Second-quarter revenue of $12.8 billion, down 1% year over year (YoY). ▪ Second-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.38); non-GAAP EPS attributable to Intel was $0.02. ▪ Forecasting third-quarter 2024 revenue of $12.5 billion to $ ...

If you had told Wall Street tech stalwarts back in 2020 that Intel (NYSE:INTC) stock would plummet as rapidly as it has over the last 12 months, it’s likely many of them would have laughed you off. Fast forward four years, and Intel is in the same position it was over two decades ago.Furthermore, the company recently announced sweeping layoffs as a form of cost-cutting in the face of its significant chipmaking losses. These factors are particularly discouraging considering the headstart Intel had as the pri ...

Intel Corp INTC will be reporting its second-quarter earnings Thursday. Wall Street expects 10 cents in EPS and $12.94 billion in revenues as the company reports after market hours.The stock is down 14.06% over the past year, -38.83% YTD.Let’s look at what the charts indicate for Intel stock, and how the stock currently maps against Wall Street estimates.Intel Stock Trend Strongly Bearish Ahead Of Q2 Earnings Intel stock is currently in a strongly bearish trend. Its share price of $30.74 sits below the 5, 2 ...

Intel Corporation (INTC) is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded higher revenues year over year from the Client Computing Group (CCG), backed by a strong emphasis on product innovation. Efforts to increase efficiency in semiconductor manufacturing and improve the supply chain are positive factors.Factors at PlayCCG is the company’s largest segment and accounts for the lion’s share of total reve ...

Intel Corporation (INTC) is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded lower revenues from the Datacenter and AI Group (DCAI) segment, owing to the fierce competition from other industry leaders amid a challenging macroeconomic environment. However, the introduction of a leading-edge product suite, including the Intel Gaudi 3 accelerator, integrated optical compute interconnect chiplet and advancemen ...

With earnings season underway and a slew of companies set to report this week, investors may be honing in on specific stocks in favor of others. However, Intel’s (NASDAQ:INTC) upcoming second-quarter earnings report on Thursday, Aug. 1, could be among the most pivotal to watch. Today, INTC stock is down along with most tech stocks as investors appear to continue to rotate out of large-cap growth names into more value-oriented smaller-cap stocks.As a key U.S. chipmaker, Intel’s status within the domestic chi ...

Semiconductors are the lifeline of the modern digital age. They help our smartphones, laptops and cars to function properly. Moreover, the rise of generative artificial intelligence (AI) has made semiconductors even more critical to the invention of new technologies. Software programmers train new generative AIs with complex large language models, and this process requires an immense amount of computing power. Chipmakers like Nvidia (NASDAQ:NVDA) and networking server chip developer Broadcom (NASDAQ:AVGO) h ...