- Intel’s stock slumped 5% the day soon after it reported its Q2 earnings.
- An analyst claims Intel should go “all-in” on new technologies or operate the danger of “in close proximity to extinction.”
- Intel continues to deal with sluggish gross sales and competitiveness from businesses like AMD and Taiwan Semiconductor.
Wall Avenue analysts did not mince text following Intel noted disappointing earnings on Wednesday.
Though the firm defeat expectations on both of those the prime and base line, revenue only grew 2%, it dropped its projected margins for the coming quarter, and analysts craved extra forward momentum.