"Intel's Stock Plunge: Assessing the Near-Term Outlook"

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Source: MarketWatch
"Intel's Stock Plunge: Assessing the Near-Term Outlook"
Photo: MarketWatch
TL;DR Summary

Intel's stock experienced its largest one-day drop in over three years after the company's first-quarter revenue forecast fell well below analyst expectations. Analysts expressed concerns about the company's challenges in the data-center and artificial-intelligence unit, as well as its broader road ahead. Some downgraded the stock and highlighted the impact of competition from AMD and ARM, while others remained more optimistic about Intel's potential in AI. The stock fell 11.9% in Friday trading, marking its worst single-day percentage decline since July 2020.

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