Intel is flailing and the chip giant face a rough 2021, analysts say - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Wall Street is worried that Intel's disappointing earnings are a sign that its terrible year will only get worse: '2021 seems like a messy year'

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%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Did you see Intel’s CPU prices? Who will buy it at such costs?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MoneyGram's COO took us inside the company's digital transformation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Billion Dollar Loser book: Inside WeWork CEO Adam Neumann's Summer Camp - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. reeveswiedeman Poca bebida. reeveswiedeman I remember working in the building and hearing about the quote when the campers returned, from Rebekah Neumann 'A big part of being a woman is to help men manifest their calling in life.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Source: Forbes - 🏆 394. / 53 Read more »

Intel stock price target lowered by Bank of America on earning slump - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »