After falling 11%, Intel shares have recovered, but with this the worst day for Intel has been closed since 2016. Clearly, the company’s latest earnings report and the recently presented revenue target are clear responsible for this new minimum in more than ten years The last time that Intel shares fell this way was on September 29, 2008, with a negative variation of 10.1%. The current president of Intel, Bob Swan, preferred to be cautious in his forecasts of annual gains: “We have launched a mixture of high performance products and continue to invest as we approach the 10 nm in the difficult context of the price of memories NAND Going forward, we will adopt a more cautious stance, although we expect market conditions to improve towards the second half of the year. “
According to Market Watch, Intel’s revenue forecast is” well below what Wall Street expected . “In addition, revenues from data centers of the company fell by 6% to $ 4900 million during the last quarter, and that more than the 2.5% expected by analysts.
You will ask in what affects us, of course. Intel is the main company that manufactures computer processors. It has been living for some time on the income of the 14 nm node, it has been promised that its 10 nm will arrive, what is going well is its 7 nm, apart from its dedicated graphics cards. It’s a tense moment for Intel, which is facing an AMD stronger than ever that’s about to launch its new Ryzen processors and Navi 7 nm cards. As Moore’s Law is steam, we see an Intel that has been postponing 10 nm for more than two years. If we take into account the high expectations that he had for the past year, it makes all the sense in the world that this decrease so much. It’s a clear turning point for blue, and Swan will have to deal with the entire transition if he wants Intel to keep the type.