GoKawiilIntel forecasts weak Q4 revenue, citing PC slump and Israel fab blast
Intel shares fell sharply after-hours following fourth-quarter guidance that badly missed Wall Street expectations. The company pointed to persistent weakness in PC demand and a fab explosion in Israel that CFO David Zinsner said will cost roughly $600 million in lost revenue over two quarters. Third-quarter results beat estimates, with data center and AI revenue up 78%, even as client computing revenue declined 5%.