Intel is having a very bad time

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Premier CPU producer Intel (opens in new tab) had a foul 2022 that ended on one in all its worst quarters for the reason that apocalyptic days of dot-com collapse of 2000. Trade analysts already sad with Intel’s monetary efficiency are actually saying that 2023 may very well be simply as onerous for the corporate. The corporate’s dangerous finish of 2022 and low projections on its 2023 earnings have knocked $8 billion off of the corporate’s market worth.

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To be pat: Intel is having a kind of years the place the purple line on the cash chart goes down very steeply.

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