Tag: Intel Corp shares

Intel reported a surprise second-quarter profit on Friday, sending shares in the company higher by 6%. The company's strong performance was unexpected given the recent slump in the PC market as a whole. Revenue fell by 15% to $12.9 billion from $15.3 billion a year...

Chip maker Intel announced on Wednesday that it plans to ship its new line of server chips earlier than expected. As a result, the company’s stock has seen its biggest one-day gain since November. Intel’s Executive Vice President Sandra Rivera shared that the company has...

The low sales of personal computers (PC) prompted the chip maker Intel Corp. to engage in cost-cutting activities that will likely result in significant layoffs. According to Bloomberg, Intel plans to make a “major reduction in headcount,” with thousands of employees set to lose...

Semiconductor giant AMD has followed Intel's example in warning investors of its belief that the growth experienced by the prospering PC market will dip rapidly in the third quarter. The company announced during an earnings call with investors on Tuesday night that it has...

Intel Corp's second-quarter report, which was shared late on Thursday, shows that the chip maker was hit hard by the lower demand for semiconductors. The company missed badly on Wall Street estimates while also slashing full-year guidance. Intel Corp shares suffered a 10% hit in...