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CNBC

Intel stock still not a buy after decline

AI Market Summary
Intel shares plunged 29% after earnings, the worst one-day move since 1974, despite data center and AI revenue beating expectations. Management said server CPU growth is supply-limited, not demand-limited, which raises doubts about turnaround pace and operating execution. Near-term impact likely stays concentrated in Intel and related semiconductor names rather than the broad market.
Impact level
● Medium
Affected assets
NCSKINTC2USD/USDT-0.41%
AI Insight · NCSKINTC2USD/USDTAI Insight
▼ Bearish
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Data center and AI revenue rose nearly 80% year over year to $7.3 billion, exceeding expectations. The CEO said server CPU growth is constrained by supply rather than demand.
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