INTC Intel Corporation

Shares of PC makers, Intel (NASDAQ: INTC) and HP (HPQ) have not fared well in the past year and have dropped by more than 30% and 7%, respectively. Let us take a look at these two stocks in more detail. The drawdown in Intel stock has been as the chip manufacturer has been under tremendous pressure due to intense competition and its future expansion prospects remain uncertain.  This was evident in Intel's Q3 results as revenues declined 20% year-over-year to $15.3 billion, reflecting lower revenue from the Client Computing and Datacenter and AI business segments. The lower revenues have compressed margins and suppressed profits for the chip giant.
https://www.tipranks.com/news/intc-and-hpq-pc-slowdown-chipping-away-at-the-stocks?utm_source=advfn.com&utm_medium=referral