Opinion: Intel could have hit backside, however Wall Avenue stays involved about its margins - Buzz Plugg Usa News

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Thursday, April 27, 2023

Opinion: Intel could have hit backside, however Wall Avenue stays involved about its margins


After reporting its worst quarterly loss ever, Intel Corp. mentioned there might be considerably of a bounce-back within the second half, because the chip inventories at its prospects get used up.

On Thursday, the chip big reported a internet lack of $2.76 billion, or 66 cents a share, versus internet earnings of $8.11 billion, or $1.98 a share. Income fell 36.19% to $11.71 billion, with PC gross sales down 38% and the data-center group down 39%.

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