Intel Stock Slides Despite Earnings Beat
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Intel Corp.’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.
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Why Intel Stock Crashed Today
Investors are taking profits after the popular tech stock's recent run-up.
Intel is on pace for its worst selloff in nearly 18 months. The stock’s recent run had put the struggling chip maker in a difficult position. Intel was down nearly 17% Friday. The selloff came after t
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Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
Intel Corporation (NASDAQ:INTC) is one of the stocks Jim Cramer shared his take on. Cramer believes that the stock “will be a very hot stock,” as he commented: Some think that Intel took itself out of the running today after announcing a quarter that was less than expected.
Intel shares tumbled Friday after the chipmaker's outlook disappointed, erasing much of the stock's gains over the past few weeks. Wall Street analysts suggested some of the investor enthusiasm behind the stock's recent rally may have been premature.
After a big recent run up, Intel shares are taking a breather in Thursday's extended session, down about 5%. The company's latest guidance underwhelmed, with Intel unable to meet all its demand. Expectations were also high heading into the report,