Tech
Intel reported a 32% year-on-year decline in Q4 revenue to $14 billion, versus an estimate of $14.46 billion, a 33% year-on-year drop in Data Center and AI, and a Q1 2023 revenue guide. below estimates; shares fall more than 7% (Chavi Mehta/Reuters)
Chavi Mehta / Reuters:
Intel reported a 32% year-on-year decline in Q4 revenue to $14 billion, versus an estimate of $14.46 billion, a 33% year-on-year drop in Data Center and AI, and a Q1 2023 revenue guide. below estimates; shares fell 7% +— Chipmaker Intel Corp (INTC.O) forecast first-quarter revenue below Wall Street’s target on Thursday, as the PC market worsens…
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