Intel shares fell more than 10% this afternoon and the company experienced one of the biggest single-day decreases in the last 10 years.
According to market data, Intel’s shares, which had drawn such a bad picture on September 29, 2008, had completed the day at 10.1% below the level they started. For the first time since then, this level can be passed.
The decline in share prices seems to be closely related to Intel’s point of view. The company’s CEO said that they are moving from a more cautious point of view, despite anticipating improvement for future market conditions.
Intel’s earnings forecast seems to be below Wall Street forecast. The company is experiencing a steeper decline than analysts’ estimates. One of the best CPU manufacturers and recently expected to produce the GPU apart from the processor is expected to experience this decline in Intel.
According to Moore’s Law, the idea that the number of transistors is doubled every 24 months
He was adopted. However, the rate of progress on this issue has slowed considerably over the last decade. Intel’s delayed and problematic 10 nm CPU is currently two years late. In addition to this, it can be said that this year’s revenue estimates will be reduced, given the higher-than-expected revenue of Intel last year.