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Intel's 2019 forecasts signal slowdown after data-centre surge
Intel Corp.’s first forecasts for 2019 sent a signal to investors that a torrent of spending on data centres, which has nourished sales and earnings growth for years, is beginning to dry up.
The chipmaker’s revenue and profit projections for the current quarter and the year fell short of analysts’ average estimates, sending shares tumbling in late trading on Thursday. Intel, whose processors are the main component in most of the world’s personal computers and servers, cited a slowdown in spending at large cloud-computing customers, softness in China and the impact of geopolitical concerns. [Bloomberg]
Intel Corp.’s first forecasts for 2019 sent a signal to investors that a torrent of spending on data centres, which has nourished sales and earnings growth for years, is beginning to dry up.
The chipmaker’s revenue and profit projections for the current quarter and the year fell short of analysts’ average estimates, sending shares tumbling in late trading on Thursday. Intel, whose processors are the main component in most of the world’s personal computers and servers, cited a slowdown in spending at large cloud-computing customers, softness in China and the impact of geopolitical concerns. [Bloomberg]
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