Intel shares tumbled on Friday after the chip giant posted a drop in revenue for its data center processor business.
Intel's results were generally in line with Wall Street estimates, but the sales drop in its data center business, which grew 43% the previous quarter, was stunning.when it reported that production problems would delay its next generation chips. Still, even the bears aren't giving up on Intel's long-term prospects: Moore did note that "Longer term, we think the company is working to build a more solid foundation."
Intel's share of the $6.1 billion server chip market in the second quarter was 91%, down 2% from the year-ago quarter, according to IDC. Rival AMD's share was 6%, up 2%.
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