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Intel Withdraws 2020 Forecast

By
Shai Oster
· · Source: Bloomberg

Shares in Intel fell despite posting a strong first quarter after it warned that it would pull its forecast for 2020 because of too much uncertainty caused by the impact of Covid-19. The semiconductor maker said revenue in the first quarter grew 23% amid a surge in buying as employees bought personal computers to work from home and companies bought more servers to handle the extra capacity...

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