🇺🇸📉💻 Intel Slides 4% in Europe After Gloomy Forecasts, Trade War Fears Weigh
🔹 Summary:
Intel shares dropped nearly 4% in Frankfurt trading Friday following disappointing revenue and profit forecasts, adding to a 6% after-hours loss on Thursday amid concerns over chip sector headwinds and U.S.-China trade tensions.
Despite closing Thursday's U.S. session higher, the downbeat outlook reversed investor sentiment sharply.
🔹 Key Points:
• Intel issued weaker-than-expected guidance for both revenue and profit.
• Shares dropped ~4% in Frankfurt after a 6% after-hours U.S. decline.
• The stock had gained 4.37% during Thursday’s regular session, closing at $21.49.
• Investors are concerned about U.S.-China trade war impacts on semiconductor demand and supply chains.
• The chip sector is under pressure as geopolitical and macroeconomic uncertainty clouds growth prospects.
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