4
Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan‘s first round of earnings at the helm, against the backdrop of a raging Sino-US trade war.
Intel shares were down 5.8% in extended trading.
The dour outlook from Intel could be another source of pessimism for investors who are counting on Tan to turn the chipmaker around after years of missteps have left it struggling to gain a foothold in the booming AI market.
The Santa Clara, California-based company expects revenue of $11.2…
