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Intel’s troubles
ISSUE 21.33 • 2024-08-12 INTEL
By Will Fastie
In the nearly 50 years I’ve been following Intel, I’ve never seen the company in such disarray. Things are bad.
On August 1, Intel released its financial results for its second fiscal quarter ending July 31. Although there was a tiny bright spot in its Client Computing Group (up 9% year over year), net revenue was down 1% and the company recorded a quarterly loss of USD $1.6 billion, nearly $3 billion lower year over year.
Intel’s stock dropped by over 25% in the two following days. And that’s just one of Intel’s problems.
Read the full story in our Plus Newsletter (21.33.0, 2024-08-12).
This story also appears in our public Newsletter.