Intel shares sink as memory shortage drags its PC chip outlook
Intel's projected revenue of $15B to $16B missed the $17B expected by analysts. The decline is attributed to a memory chip shortage affecting PC demand and supply chain issues impacting its data center unit.
Key points
- Q4 revenue forecast between $15B and $16B
- Shares fell more than 20% in late trading
- Memory chip shortages and data center supply issues cited as causes
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Next Web did the reporting; read the original for the full story.
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