What's Going On With Intel Shares?
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares are trading lower by 3.91% to $34.40. This is following Advanced Micro Devices, Inc.'s (NASDAQ:AMD) Q2 earnings report, which showed a decrease in earnings and sales compared to the same period last year. Despite this, AMD's earnings and sales slightly exceeded analyst consensus estimates.
August 04, 2023 | 11:41 am
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NEUTRAL IMPACT
AMD's Q2 earnings report showed a decrease in earnings and sales compared to the same period last year. However, the company's earnings and sales slightly exceeded analyst consensus estimates.
AMD's stock price could be affected by its Q2 earnings report. While the company beat analyst estimates, the decrease in earnings and sales compared to last year could be a cause for concern for investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Intel shares are trading lower following AMD's Q2 earnings report. This could be due to investors' concerns about the overall chip market following AMD's decreased earnings and sales.
Intel's stock price is likely being negatively impacted by AMD's Q2 earnings report. Despite AMD beating analyst estimates, the decrease in earnings and sales compared to last year could be causing concerns about the overall chip market, which is affecting Intel's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100