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Intel's stock crashes after earnings, and AMD's shares slide too

By ChordNews · First written (new coverage )

AMD’s stock slides after Intel earnings reveal two big issues
Image: marketwatch.com
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Summary

Intel's stock crashed after its earnings report, knocking $12 billion off the government's stake in the chipmaker. The report showed Intel struggling to make enough AI server chips and dealing with a weak PC market. Reporting ties the PC weakness to the AI industry consuming memory and other components, which is pushing PC prices up. AMD's stock also slid after the Intel results, as investors weighed whether AMD faces the same problems. Investors are expected to learn soon how much AMD is suffering from them.

This continues an earlier story: Chinese tech stocks sell off as doubts grow over AI profits, even as some chipmakers post surging sales

Later: AMD needs a strong outlook to keep its momentum as AI spending doubts grow

Timeline

  1. MarketWatch

    Source ↗

    MarketWatch reports that AMD's stock slid after Intel's earnings revealed that Intel is struggling to make enough AI server chips and is dealing with a weak PC market, and that investors will soon learn how far AMD faces the same problems.

  2. TechCrunch

    Source ↗

    TechCrunch reports that Intel's stock crashed, knocking $12 billion from the government's stake, as PC sales hurt Intel and the AI industry's demand for memory and other components pushed PC prices up.

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