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The Marked Chart Wire · Business
HotQualcomm
Qualcomm stock fell 11 percent to $164.79 following a warning from Intel regarding the personal computer market. The decline raises questions about whether smartphone sales have stabilized.
Part of a series: Qualcomb wins Arm case, cuts staff
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HotAnalyst Ratings
Wall Street firms revised ratings and price targets for technology, AI, and crypto stocks. Amazon retained bullish support, while Intel, Reddit, and Coinbase saw downgrades and lower targets.
HotAI Spending
Intel shares fell 25.2 percent after its Q4 guidance missed estimates, dragging the Nasdaq-100 down 2.6 percent. Amazon also dropped 6.8 percent as investors rotated into defensive sectors like healthcare and energy.
HotIntel
Four firms adjusted their views on Intel following Q3 results and soft Q4 guidance. BofA and Roth Capital downgraded the stock, while Jefferies cut its price target.
Intel
Intel forecasts the total addressable market for server CPUs will exceed $200 billion within five years. The company also guided fourth-quarter revenue to between $15 billion and $16 billion.
Intel
Intel stock dropped 23 percent in after-hours trading Thursday following a disappointing fourth-quarter guide. Jim Cramer voiced his frustration with the company's results.
Intel
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.
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