News Formal

Intel's revenue from data-center business misses estimates, shares slide

  • 📰 Reuters
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Intel Corp on Thursday missed revenue estimates for its data-center business for the third quarter as the COVID-19 pandemic pushed its government and business customers to spend less on its chips, sending its shares down 8%.

, which use outside manufacturers, have capitalized on Intel's woes and are gaining market share in both data centers and PCs, with AMD hitting its highest market share since 2013 earlier this year.

The company said spending by government and business customers on its data-center chips plummeted 47% after two quarters of growth. The company said it was expecting fourth-quarter revenue of about $17.4 billion, while analysts were expecting revenue of $17.36 billion.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Intel earnings may be overshadowed by memory dumpIntel is scheduled to report earnings after the bell Thursday, but analyst commentary has already steered away from earnings results to its announced plans to sell its flash-memory, or NAND, business to Korean chip maker SK Hynix Inc. for $9 billion.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »