Results for “intel”

Bloomberg Senior Editor for Technology and Strategic Industries Mike Shepard tells Bloomberg This Weekend that disappointing Big Tech earnings are intensifying investor concerns about whether massive AI spending will generate sufficient returns, as Alphabet and Intel come under particular pressure. Speaking with hosts David Gura and Lisa Mateo, Shepard also discusses the record $6.3 billion Binance hack and the possibility that North Korean hackers were responsible. (Source: Bloomberg)

Intel is being hurt by PC sales as the AI industry gobbles memory and other components causing PC prices to rise.

Find insight on Intel, Amazon and more in the latest Market Talks covering technology, media and telecom.

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

Bloomberg’s Ed Ludlow looks at the fall in Intel shares as a bleak outlook exposes the chipmaker's struggle with a deepening PC slump and difficulty meeting CPU demand. Plus, AWS CEO Matt Garman discusses the cloud giant's accelerating growth and massive AI buildout. And, Bitcoin tumbles after hackers siphoned off $6.3 billion from Binance in an attack that rocked the crypto world. (Source: Bloomberg)

Amazon and Intel worsen the sell-off with disappointing earnings releases

Intel has been a Wall Street darling this year due to its emergence as a player in AI, but the company is being weighed down by a struggling PC market.

The chip maker warned that challenges in the segment, driven by high memory-chip prices, will continue into 2028.

The chipmaker, whose largest investor is the U.S. government, reported that the A.I. boom’s domino effect had hurt sales to personal computer makers.

Intel Corp. suffered its worst stock rout in more than four decades after the PC industry slump and supply-chain snags hurt its forecast, renewing fears about the chipmaker’s turnaround bid.