Intel Corporation (INTC)
Here's why Intel (INTC) stock is crashing
Amid weak pre-market price performance of other big stocks, including Amazon (NASDAQ: AMZN) and Opendoor Technologies (NASDAQ: OPEN), the shares of American multinational corporation and technology company Intel (NASDAQ: INTC) have followed suit in what might be their largest dip in 24 years.
Intel is struggling inside and out — and recovery will test investors' patience
In a week where Big Tech earnings have been under the spotlight, Intel INTC may have become the biggest story — but not in the way it wanted. The company continues to struggle mightily against quarter after quarter of growth for competitors such as Nvidia NVDA, AMD AMD, Qualcomm QCOM and Arm Holdings ARM.
Chip Stocks Staring At Another Bloodbath As Intel Tumbles, Nvidia Dips 4%, ASML Crumbles Over 6%: What's Ailing The Sector Friday
The tech stocks, which led the stock market rebound seen since in early 2023, have come under pressure since early July, with the weakness more concentrated in the semiconductor space. Early indications suggest these stocks could be in for more losses on Friday.
Intel's 22% share plunge drags down global chip stocks from TSMC to Samsung
Global semiconductor stocks fell on Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on tech names. Intel shares fell more than 20% in premarket trade in the U.S. on Friday, after the company reported a big miss on earnings in the June quarter and said that it would lay off over 15% of its employees.
Intel shares set to fall most in 24 years as it struggles with turnaround
Intel was set to erase nearly $25 billion in market value on Friday in what would be its worst selloff since 2000 after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chip-making business.
Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.
Why Are Shares of Intel Stock Crashing After Earnings?
Intel stock dropped 17% after the company reported Q2 earnings. Is it a buy right now?
Intel slumps on plan to axe over 15,000 jobs in rightsizing
Intel Corp (NASDAQ:INTC, ETR:INL) shares slumped after the chipmaker unveiled plans to cut over 15,000 jobs in a bid to rightsize and save up to US$10 billion (£7.9 billion). Some 15% of staff will be laid off through the move to “resize and refocus,” Intel announced in second-quarter results on Thursday.
Watch These Intel Price Levels as Stock Plunges on Weak Earnings, Soft Guidance
Intel (INTC) shares plunged in extended trading Thursday after the chipmaker reported quarterly results that missed Wall Street quarterly estimates, issued soft current-quarter guidance, and unveiled a $10 billion cost-cutting plan that includes slashing 15% of its workforce.
Intel Corporation (INTC) Q2 2024 Earnings Call Transcript
Intel Corporation (NASDAQ:INTC ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants John Pitzer - Corporate Vice President of Investor Relations Patrick Gelsinger - Chief Executive Officer David Zinsner - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Securities Ross Seymore - Deutsche Bank CJ Muse - Cantor Fitzgerald Joseph Moore - Morgan Stanley Timothy Arcuri - UBS Srini Pajjuri - Raymond James Matthew Ramsay - TD Cowen Operator Thank you for standing by, and welcome to Intel Corporation's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
Intel: Turn Off The Lights
Intel Corporation continues to struggle, missing the AI GPU transition and focusing on the foundry business, leading to disappointing financial results. Their Q3 guidance was very weak, with Nvidia now doubling the sales of Intel. The Intel dividend suspension should be the last straw for shareholders, especially with no turnaround in sight.
Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds
Chipmaker Intel Corp. is cutting 15% of its massive workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.
