NVDA

NVIDIA Corporation

172.64
USD
-2.50%
172.64
USD
-2.50%
135.43 346.47
52 weeks
52 weeks

Mkt Cap 431.60B

Shares Out 2.50B

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Intel first-quarter earnings forecast miss Street view

Jan 26 (Reuters) - Chipmaker Intel Corp INTC.O forecast first-quarter earnings below analysts' expectations on Wednesday, sending the world's largest chipmaker's shares down 3% in late trade. Intel forecast earnings per share of 80 cents, compared to an expectation of 86 cents, according to IBES data from Refinitiv. The company expected first-quarter revenue above Wall Street expectations, placing bets on its in-house chip-making capacity to meet strong demand from PC, data center and artificial intelligence markets even through a global semiconductor supply crunch. The company expects first-quarter revenue of about $18.3 billion, compared to analysts' average estimates of $17.62 billion, according to IBES data from Refinitiv. (Reporting By Chavi Mehta and Jane Lanhee Lee; Editing by Bernard Orr) ((jane.lee@thomsonreuters.com; +1-415-344-3912; Reuters Messaging: jane.lee.thomsonreuters@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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