Here’s why Intel’s stock just dropped 10% after reporting earnings

Intel, in the latest quarter, reported that margins dipped as pandemic-stricken buyers shifted towards cheaper laptops. At the same time, businesses and governments cut down on data centre spend. Intel sold a larger number of less-profitable chips in its PC business, pushing operating margins down to 36% in the Q3 from 44% a year earlier. It also faced manufacturing delays and distribution challenges. Its next-gen chipmaking tech is also delayed by six months.

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