The once-iconic American semiconductor giant is expected to announce an 8% drop in quarterly revenue this week to $13.02 billion
Intel is expected to announce, this coming Thursday (31), its biggest quarterly revenue drop in five quarters, which could highlight an even greater loss of market share in data centers and personal computers (PCs) for the American giant of semiconductors.
Shareholders now direct their attention to the CEO’s attempts Pat Gelsinger to regain lost market leadership as the company faces mounting losses in its contract manufacturing division.
Furthermore, Intel failed to take advantage of the recent chip boom driven by generative artificial intelligence (AI)especially after having passed on an investment in OpenAIcreator of ChatGPT.
With Wall Street expecting an 8% decline in Intel’s revenue, which is expected to reach US$ 13.02 billionaccording to LSEG data through October 26, investors are looking to Gelsinger for a clear vision of how he plans to put the company’s latest manufacturing technology into practice.
A disappointing quarterly report in August raised doubts about Gelsinger’s strategy to revitalize Intel.
The analyst Hans Mosesmannfrom Rosenblatt Securities, points out that investors have two key questions: “Is this fixable?” e “Who’s going to fix it?”
With information from News Agencies*
Source: https://www.ocafezinho.com/2024/10/29/queda-drastica-intel-registra-perda-bilionaria-no-mercado-de-chips/
