Schwab Network on $INTC (Oct 30, 2026)
Intel's turnaround has not delivered: weak PC demand hurts because Intel makes most of its money from PCs, and a manufacturing incident in Israel hurt execution. Its numbers have improved, but it has no good story; the 25% drop seems a bit much but is still a bad day.
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And then there are a few grim outlooks from Intel and other companies on top of that, causing us to lose some confidence in this sector.
Intel has been such a turnaround story, after all, but at some point, you have to turn the tide. I completely agree, Alex, and their comments about the PC market and its weakness...
And let's be honest , Intel makes the most money from PCs, and their talk about a weak PC market and the slowdown in the PC sector is not good news for a company like this.
And don't forget that we were looking for better news about chip manufacturing, but they had an incident in Israel that played tricks on them. So Intel simply didn't deliver. I can't find anything they performed well at.
Their numbers have improved, but they just didn't have a good story. Do n't forget that the forecasts are so important with these earnings reports, and uh, Intel, you know , 25% lower this morning, that seems a bit much, but this is still a company that didn't have any good news.
And in this environment, with all those exaggerated reactions, a 25% drop is a bad day for Intel.
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