News Formal

Intel's 'historic collapse' set to erase $10 billion from market value

  • 📰 calgaryherald
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 52%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Intel is set to erase nearly $10 billion in market value on Friday after the chipmaker stumped Wall Street with dismal earnings projections.

“No words can portray or explain the historic collapse of Intel,” said Rosenblatt Securities’ Hans Mosesmann, who was among the 21 analysts who cut their price targets on the stock.

The company has been steadily losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC to make chips that outpace Intel’s technology. “It is now clear why Intel needs to cut so much cost as the company’s original plans prove to be fantasy,” brokerage Bernstein said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 64. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Intel's 'historic collapse' set to erase $10 billion from market valueIntel is set to erase nearly $10 billion in market value on Friday after the chipmaker stumped Wall Street with dismal earnings projections.
Fonte: VancouverSun - 🏆 49. / 61 Consulte Mais informação »

Intel's 'historic collapse' set to erase $10 billion from market valueIntel is set to erase nearly $10 billion in market value on Friday after the chipmaker stumped Wall Street with dismal earnings projections. Intel Inside
Fonte: TheTorontoSun - 🏆 23. / 68 Consulte Mais informação »