Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
Investing.com -- Intel reported Thursday mixed Q1 results and softer guidance for the current quarter, stoking further concerns that the chipmaker could fall further behind in its rivals in the race to cash in on strong demand for AI-related chips.
The weaker guidance added to concerns that Intel could fall further behind its rivals in the AI race. The chipmaker also reported mixed Q1 results, as earnings beat, but revenue missed analyst estimates.adjusted earnings of $0.18 a share on revenue of $12.72B, compared with Wall Street estimates for EPS of $0.15 and revenue of $12.88B
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