Friday, 24 March, 2023

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

<p>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.</p>