Dan Ives, Wedbush Securities analyst, joins CNBC's Special to discuss Intel as the company's shares cratered 26% after it announced weak guidance and layoffs.
Intel (INTC) plans to lay off roughly 15,000 employees this year and will stop paying its dividend, as the chipmaker tries to cut costs. The company said third quarter revenue will be $12.5 billion to
Ben Reitzes, Melius head of technology research, joins 'Fast Money' to discuss Intel as the company's shares cratered 26% after it announced weak guidance and layoffs.
The Nasdaq fell 3.4% this week, bringing its three-week drop to 8.8%, marking its worst stretch of that length since 2022. The selloff underscores investor concerns around forecasts for the back half

Could Intel get booted from the Dow?

05:53pm, Friday, 02'nd Aug 2024
Intel (INTC) shares plunging nearly 30% after the company announced a significant cost reduction plan and reported weaker than expected earnings. The company was already the smallest component of the
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Major U.S. equities indexes tumbled Friday following the release of the latest U.S. labor market report, which revealed fewer-than-expected job additions in July and a jump in the unemployment rate to

Intel plunges 25%, worst day since 1974

05:21pm, Friday, 02'nd Aug 2024
Vivek Arya, Bank of America Securities senior semiconductor analyst, joins 'Power Lunch' to discuss what's behind Intel's shares falling 25%, expectations for the stock, and more.
The company announced plans to lay off more than 15% of its workforce, with most of the layoffs coming before the end of the year.
All three major indexes fell Friday, as stocks declined following a report indicating the U.S. economy added fewer jobs than expected last month, kindling concerns of a recession.
Stacy Rasgon, Bernstein managing director and senior analyst, joins 'Closing Bell' to discuss Intel Intel as the company is headed for worst day on Wall Street in 50 years

Intel Shares Fall by Most Since at Least 1982

03:31pm, Friday, 02'nd Aug 2024
Intel shares suffered their largest decline in over 40 years after the company gave a grim growth forecast and laid out plans to slash 15,000 jobs, signaling that the chipmaker is ill -------- Like th
Intel Corp INTC has made headlines with its recent announcement of significant restructuring and disappointing quarterly earnings. The tech giant reported earnings of just 2 cents per share, falling d
Somewhat displaced by the association with shady cryptocurrencies, metaverse stocks and the broader metaverse universe should be viewed as a foundation in progress. It may or may not include alternate
Intel (NASDAQ: INTC ) stock is plunging lower to prices not seen since 2013. Indeed, shares are down by over 25% after the semiconductor company reported its second-quarter earnings.
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