Can Intel Stock Bounce Back?
T = Trends for a Stock’s Movement
Intel designs and manufactures integrated digital technology platforms, including microprocessors and chipsets. The company sells these platforms primarily to original equipment manufacturers, original design manufacturers, and industrial and communications equipment manufacturers in the computing and communications industries. Intel’s platforms are used in a range of applications such as personal computers, data centers, tablets, smartphones, automobiles, automated factory systems, and medical devices.
The company also develops and sells software and services primarily focused on security and technology integration. Microprocessors, chipsets, and software products and services are at the root of most technological progress. A bellwether and main provider like Intel will see rising demand and increased market share, as it is the only viable option for a growing consumer base and expanding companies worldwide.
Intel’s second quarter earnings fell short of analyst expectations. The world’s largest chip maker blamed both a slump in PC sales and economic weakness in China as reasons for the disappointing results. Intel’s second quarter revenue was also down from the mean analyst estimate compiled by Reuters, and the company cut its earnings forecast for the current quarter.