Home Business & Finance Intel Needs More Than Blowout Earnings as Chips Rally Falters
Business & Finance

Intel Needs More Than Blowout Earnings as Chips Rally Falters

Key Points

Intel Needs More Than Blowout Earnings as Chips Rally Falters Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. The shares are down 27% this month, putting them among the 10 worst performers in the S&P 500 Index, after soaring 278% in the first half for the third-best performance in the broad equities benchmark. The move comes as investors are suddenly selling...

Intel Needs More Than Blowout Earnings as Chips Rally Falters Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. The shares are down 27% this month, putting them among the 10 worst performers in the S&P 500 Index, after soaring 278% in the first half for the third-best performance in the broad equities benchmark. The move comes as investors are suddenly selling this year’s winners and souring on chipmakers in particular.
Intel (ORG) Chips Rally Falters Intel Corp. (ORG)
Originally published by Bloomberg Technology Read original →