Intel shares plunge 20% after weak forecast blamed on PC slowdown
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Intel shares fell 20% in extended trading after it forecast fourth-quarter adjusted earnings of $0.25 a share and revenue of $15–16 billion, below analysts’ $0.43 and $17.1 billion estimates. Third-quarter PC-related revenue fell 5% to $8.1 billion, while data center and AI revenue rose 78% to $7.3 billion.
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