What's Going On With Intel Stock?
Portfolio Pulse from Henry Khederian
Intel Corporation's shares are trading lower amid weakness in semiconductor stocks, potentially due to a drop in Super Micro Computer's stock following its earnings announcement. Despite surpassing analyst estimates, Super Micro Computer's projected first-quarter adjusted EPS and revenues are lower than estimated, which may have contributed to the sector's weakness.
August 09, 2023 | 5:08 pm
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Intel Corporation's stock is trading lower, potentially due to weakness in the semiconductor sector following Super Micro Computer's earnings announcement and lower than estimated Q1 projections.
Intel Corporation's stock is trading lower, potentially due to a drop in Super Micro Computer's stock following its earnings announcement. Despite surpassing analyst estimates, Super Micro Computer's projected first-quarter adjusted EPS and revenues are lower than estimated, which may have contributed to the sector's weakness and impacted Intel's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100