Video explainer: Intel just posted its best data center growth in 15 years and the stock still fell about 25% before the open 📉
Intel just posted its best data center growth in 15 years and the stock still fell about 25% before the open 📉
Q3 revenue $16.5B (up 21%) and adjusted EPS 52 cents vs about 40 expected. Data center and AI up 78% to $7.3B.
The problem is the guide. Q4 revenue $15B to $16B vs about $17B expected and EPS 25 cents vs 43. AI is eating the world's memory supply so PCs cost more and people buy fewer.
I think this is less an Intel problem than an AI side effect. The same boom lifting memory makers is squeezing everyone who sells into PCs. @intel $INTC
Not financial advice
The Intel quarter in 3 pictures 👇 Best data center growth in 15 years for @intel and the stock still dropped about a quarter before the bell.
Sources: Inspiration post · www.cnbc.com · finance.yahoo.com · www.calcalistech.com · asia.nikkei.com · www.oregonlive.com
Not financial advice. For informational and educational purposes only.
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