Tag: Intel stock

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...

Chipmaker Intel is set to release its earnings for the first fiscal quarter after the opening bell on Thursday, with analysts largely expecting the struggling chip giant to report a drop in revenue after facing declines in its PC sales as well as a...

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...

Global stocks slumped on Friday morning after chipmaker Intel produced a grim quarterly forecast that raised investors' concerns over company earnings going forward. Futures on the S&P 500 fell 0.3%, while futures on the Nasdaq 100 declined by 0.5%. Futures on the Dow Jones Industrial...

Semiconductor Industry Association (SIA) and Boston Consulting Group released a report on Wednesday suggesting that the United States' leading chip design market could lose market share without sufficient government support. The report stated that the U.S. share of chip design revenue has dropped from over...

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...