It's been a tough start to the quarter for technology stocks. The tech-heavy Nasdaq Composite Index fell 1% Tuesday and looked set to open lower again Wednesday.
Intel Corp (NASDAQ:INTC, ETR:INL) stock slumped more than 4% in early premarket after it revealed its chip-making business lost more than $7 billion last year, despite burgeoning demand for AI compute
Shares in legacy chipmaker Intel (INTC) fell more than 4% in Tuesday's extended-hours session after the company disclosed a widening loss and declining sales in its semiconductor manufacturing busines
Intel Corporation (NASDAQ:INTC ) New Segment Reporting Webinar Conference April 2, 2024 4:30 PM ET Company Participants John Pitzer - Corporate Vice President of IR Pat Gelsinger - CEO David Zinsner -
In the most recent trading session, Intel (INTC) closed at $43.94, indicating a -1.3% shift from the previous trading day.
Intel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion.
Intel Corp.'s foundry business posted a $7 billion operating loss last year, and the chip company expects losses for that part of its business to peak this year.
CNBC's Kristina Partsinevelos joins 'Closing Bell Overtime' to talk breaking news on Intel's foundry business.
CNBC's Kristina Partsinevelos joins 'Power Lunch' to discuss Intel and Foundry's investor call.
From the stock market's bottom in March 2020, the Dow Jones Industrial Average has more than doubled in value. The 114% gain is all the more remarkable because the venerable index is price-weighted.
Intel has various investor events coming in the next few days.

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