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Intel Server-Chip Woes Drag on Sales Forecast; Shares Slump
Bloomberg 9 hrs ago © Bloomberg Inside The Tokyo Game Show 2017
(Bloomberg) Intel Corp. Chief Executive Officer Pat Gelsinger said the worst of a sales slump has passed and struck a bullish tone about the chipmaker’s prospects for the rest of the year and beyond. Investors are waiting to see proof that the company can regain dominance in the semiconductor industry.
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The key to winning them over will be Gelsinger’s ability to lure back some of the largest companies in technology cloud giants like Amazon.com Inc. and Alphabet Inc.’s Google whose purchases of server chips for data centers have been a main engine of Intel’s profit and growth.
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