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The Marked Chart Wire · Business
HotIntel
Intel stock fell nearly 17% after hours as the company guided Q4 revenue to $15B-$16B, below the $17B estimate. Gross margins are expected to decline to 37% due to rising memory costs and a persistent PC market slowdown.
Part of a series: Intel pushes AI hardware and software before weak Q4 outlook
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Rivian
Rivian reported third-quarter revenue of nearly $2.2 billion, up 38 percent, with the R2 becoming its top-selling model. The company narrowed its adjusted loss to $0.48 per share and raised full-year delivery guidance to 67,000-70,000 vehicles.
HotIntel
Intel shares fell about 10 percent after hours because Q4 revenue and profit forecasts were below expectations. The company cited weak PC demand and supply issues limiting data center output.
Intel
Intel disclosed its fourth-quarter 2023 earnings, showing a per-share value of $1.84. The post provides no additional context regarding revenue or guidance.
Intel
Intel projects fourth-quarter revenue between $15 billion and $16 billion, falling short of the $17.05 billion expected by analysts.
Intel
Intel reported adjusted earnings per share of $0.52 and revenue of $16.51 billion, both exceeding expectations. The company guided for fourth-quarter revenue to be roughly $300 million higher than expected, with gross margins up about 200 basis points.
Cohere
The AI firm secured new investment from Nvidia and the Canadian government, setting its value above $20 billion.
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