From Morningstar:

Intel’s fourth-quarter results exceeded expectations but provided a weak forecast for the first quarter, causing investors to back off. The revenue in December was up 9% sequentially and 10% year-over-year but forecasted to fall to $12.2 billion-$13.2 billion in March. Intel’s adjusted gross margin went up to 48.8%, but it fell to 44.5% in the March quarter. They expect growth for the rest of 2024. Morningstar gives them a fair value estimate of $40.00 with a 2-star rating and high uncertainty.



Read more: Should I Buy Intel After ‘Disappointing’ Near-Term…