Results for “intel”

Intel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptops.

Intel is struggling to make enough AI server chips and dealing with a weak PC market. Investors will soon find out the degree to which AMD may be suffering from the same problems.

A drop of 4.2% for Nvidia, the chip company that became the poster child of the AI frenzy, was the heaviest force pulling the S&P 500 downward.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Jess Menton and Tim Stenovec. (Source: Bloomberg)

“A cheaper stock does not necessarily offer better value,” one expert says.

Wall Street will be looking to bounce back after a very tough day for tech companies on Thursday that saw shares of Amazon, Intel and Google’s parent company Alphabet plummet. It comes as the crypto industry suffered the biggest heist in history with hackers making off with nearly $6 billion in cryptocurrency. NBC’s Brian Cheung reports for TODAY.