{
  "id": 17125915,
  "title": "Chip company: Intel forecast disappoints stock exchange - shares plummet",
  "url": "https://urgent.news/2026/10/29/chipkonzern-intel-prognose-enttauscht-borse-aktie-bricht-ein",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T20:34:49.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/technik/it-internet/chipkonzern-intel-prognose-enttaeuscht-boerse-aktie-bricht-ein/100266013.html"
  },
  "original_language": "de",
  "account": "Intel's stock plummeted by around a fifth in after-hours trading after the chipmaker's quarterly forecast fell short of expectations. The company predicted revenue of $15-16 billion for the current quarter, below analysts' estimates of $17 billion, and adjusted earnings per share of 25 cents, missing the expected 43 cents. Intel's finance chief, David Zinsner, attributed the slowdown to high memory prices reducing device purchases, and warned that the PC business will be impacted until the first half of 2027. In the previous quarter, Intel's revenue rose 21% year-on-year to $16.5 billion, in line with analyst expectations, while net income declined 18% to $3.3 billion.",
  "summary": "The chip giant Intel seemed to be on the road to recovery after a long dry spell. But now high memory prices are causing fewer computers to be bought - and Intel is suffering from it.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}