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Intel stock drops nearly 10% after earnings miss, execs predict quarterly loss as data-center market shrinks

Por: MarketWatch Politics January 27, 2023

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Chief Executive Pat Gelsinger told analysts on a conference call he would not provide a 2023 forecast. Gelsinger restricted the outlook to the current quarter, citing macro uncertainties, a digestion of PC inventory that was “difficult” to forecast and a contracting data-center market. In the fourth quarter, AI group sales dropped 33% to $4.3 billion, while the Street expected revenue of $4.08 billion. “We expect Q1 server consumption... + full article



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