this post was submitted on 26 Jan 2024
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Intel stock drops on less confident Q1 guidance (finance.yahoo.com)
submitted 9 months ago by [email protected] to c/[email protected]
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Intel beat it's revenue and earnings projections for Q4, but posted weak guidance for Q1 2024, resulting in a 12% share price drop after hours.

Intel was able to increase their client computing (PCs and laptops) revenue and profit, but they suffered losses in data center and AI (DCAI) and network and edge computing.

The weak guidance for Q1 reflects that corporate customers (and investors) are looking for GPU AI accelerators, and Intel doesn't currently have any to offer.

earnings slide deck

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