Jan 26, 2024 - Economy
Charted: Not all chips are the same
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Intel is feeling blue after investors reacted to the company's earnings outlook, Nathan writes.
Driving the news: The tech giant's stock closed down nearly 12% today after releasing earnings yesterday afternoon.
- Intel beat expectations on earnings and profit, but investors fixated on the company's first-quarter projection of $12.2 billion to $13.2 billion in revenue and a loss of 25 cents per share.
State of play: "While some parts of the semiconductor industry are booming because of strong demand for artificial intelligence chips, other server parts, such as the central processing units, or CPUs, that Intel makes, don't have the same kind of momentum," CNBC reported.
