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After the release of its quarterly numbers, the Intel stock plummeted by about 26% in after-hours trading. However, the past quarter was quite solid. Revenue rose by 21% to $16.5 billion, and the data center division even increased by 78%. In contrast, the outlook was significantly disappointing: For the fourth quarter, Intel expects only $15 to $16 billion in revenue and an adjusted earnings of $0.25 per share, with the gross margin expected to drop to 38%. The crash comes at a time when the stock market is increasingly questioning the AI hype....
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