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Intel Slides After Tepid Forecast Shows Comeback Challenges

(Bloomberg) Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapJavier Milei Fuels Wild Ra ....

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Intel Slides After Tepid Forecast Spurs Fears About Comeback

Intel Slides After Tepid Forecast Spurs Fears About Comeback
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Intel Unveils New AI Accelerator Chip in Bid to Gain on Nvidia

Intel Unveils New AI Accelerator Chip in Bid to Gain on Nvidia
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Intel Investors' Pessimism Over Turnaround Wipes Out $27 Billion of Value

(Bloomberg) Intel Corp.’s latest attempt to prove to investors that its turnaround strategy is on track instead spurred a $27 billion rout that further widened the gap between the chipmaker and its peers as it struggles to capitalize on investor demand for all things artificial intelligence-related.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 Mi ....

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