Intel's data center business was supposed to spark new growth. But the chip giant hit unexpected bumps on a road that turned out to be rockier than expected.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Intel's data center business was expected to lead the chip giant to a new era of growth, but its quarterly report highlighted an uncertain path ahead.

Intel's disappointing first-quarter report last week featured weaker-than-expected results in the data center business.Some analysts point to unexpected soft demand in the cloud data center market, which remains uncertain.

"The last few quarters, Intel has talked about how their recovery was going to be based on the second half the year," he told Business Insider."The big cloud providers were going to start buying server chips again. That didn't come through." "I do think it's going to happen. … If you see this huge growth where companies like Google, Amazon, Facebook. They have to buy more chips for more data center capability to make more money. The only question is when. The other question is China. The China economic scene hasn't been great for a year or so. There's a little bit of uncertainty right now."

"Last year everyone was screaming about expanding data centers," he said."These past three quarters, we've seen the cloud companies talk about slowing down data center build-out as they are waiting for capacity to catch up."

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:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Intel’s stumble has been a boon for other chip makers to grab market share. AMD is a great example of this.

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 set to report first-quarter earnings after the bellIntel is providing its first earnings report since announcing that it's exiting the 5G smartphone market.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Intel dipped down over 6% after CEO Bob Swan says it's 'taking a more cautious view of the year' as it slashes its earnings forecastOne week after new CEO Bob Swan's surprise move to get out of the smartphone business, Intel reported its Q1 earnings. Stock fell 6% after the bell.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Intel stock plummets on disappointing earnings outlook as new CEO takes ‘a more cautious view’Intel Corp. shares dropped in the extended session Thursday after the chip giant’s outlook fell way below Wall Street estimates offsetting an earnings beat. Still smile . No worry next time
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Stocks making the biggest moves after hours: Amazon, Ford, Intel & moreSee which stocks are posting big moves after the bell on April 25.
Källa: CNBC - 🏆 12. / 72 Läs mer »