Intel Falls 25% Before the Bell After a Forecast Hit by PCs and a Fab Shutdown
Intel’s data center business just had its strongest growth in 15 years, and the company still told investors it can’t build enough server chips. Its fourth-quarter forecast landed well under analyst estimates, and the stock was down 25% in premarket trading Friday, CNBC data showed. Intel guided to revenue of $15 billion to $16 billion
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