Page 62 - Intel Corp News Today

Intel’s first-quarter projection for both sales and profit came in well short of Wall Street estimates, and executives struggled to soothe concerns during a conference call with analysts.

Despite sanctions, Russia imported advanced chips valued at more than $1 billion from U.S. and European companies during the initial nine months of 2023, according to classified data from the Russian customs service obtained by Bloomberg.

Intel’s stock hasn’t seen a double-digit percentage decline in more than two years. But it might break that streak after a downbeat earnings forecast.

Insights into the Investment Moves of a Financial Reporting Expert

Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the…

Moscow imported more than $1 billion worth of advanced U.S. and European chips last year, despite restrictions aimed at preventing Russian dictator Vladimir Putin’s military from obtaining technology to fuel its war in Ukraine, Bloomberg reported Jan. 25, citing classified Russian customs data.

(Bloomberg) -- Chipmaking startup Cerebras Systems Inc. is weighing an initial public offering as soon as this year, according to people familiar with the matter.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Sensing Advantage in WarTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS Extends Lead Over China in Race for World’s Biggest EconomyUS GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong YearThe Silicon Valley company has held early dis...

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A social media stock was in focus Friday along with a major crypto name.

Several semiconductor companies took a hit in Friday’s session after Intel Corp INTC reported worse-than-expected earnings and issued weak guidance. Goldman…