Intel Doesn't Have A Fix For 2 Generations Of Its CPUs Crashing, But It's Offering 2 Years Of Extended Warranty To Make Up For It
Portfolio Pulse from Benzinga Neuro
Intel Corp. (NASDAQ: INTC) is offering a two-year extended warranty for its 13th and 14th Gen CPUs due to stability issues. This move comes after a disappointing financial report and significant cost reduction plans. Intel's stock has seen a significant decline, closing at $29.05 and falling further in after-hours trading.
August 02, 2024 | 6:15 am
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Intel is extending the warranty for its 13th and 14th Gen CPUs by two years due to stability issues. This comes after a disappointing financial report and significant cost reduction plans, including a 15% headcount reduction. Intel's stock has seen a significant decline.
The extended warranty is a response to ongoing stability issues with Intel's 13th and 14th Gen CPUs, which could affect customer confidence and sales. This, combined with a disappointing financial report and significant cost reduction plans, has led to a notable decline in Intel's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
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AMD is gaining competitive advantage as Intel struggles with stability issues in its 13th and 14th Gen CPUs. This could potentially lead to increased market share for AMD, especially in the data center space.
As Intel grapples with stability issues and customer dissatisfaction, AMD stands to benefit by potentially capturing more market share, particularly in the data center space where it has been making significant inroads.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50