28 October 2022 | Other

Intel cuts its profit forecast

On Thursday, an American chipmaker Intel Corp announced the cut of the company’s profit and revenue forecasts for a full financial year, and also the staff reductions. At the same time, according to Reuters, the company’s personal computers segment demonstrated higher-than-expected results and stimulated the Intel’s stock growth.

Intel CEO Pat Gelsinger explained that the company’s decision to trim the forecast for the fourth quarter was caused by the current economic uncertainty, which is likely to remain for the next year as well. The chipmaker needs time to gain the same pace and volume of sales that it had before, which fell by 27% in the last quarter.

Also, Intel changed its capital spending forecast for the next financial year, reducing it by $2 billion compared to the previous outlook of $27 billion.

Company MarketCheese
Period: 23.10.2026 Expectation: 470 pips
Buying Brent crude with $106.00 in mind
09 October 2026 32
Period: 09.11.2026 Expectation: 3000 pips
Invest in USDCAD up to 1.45000
09 October 2026 38
Period: 29.10.2026 Expectation: 800 pips
Sell GBPUSD down to 1.3180
08 October 2026 64
Period: 05.11.2026 Expectation: 300 pips
Buy Brent crude with $103 in sight
08 October 2026 37
Gold sell
Period: 22.10.2026 Expectation: 180 pips
Gold sell-off targets $3,940
08 October 2026 50
Period: 08.11.2026 Expectation: 6200 pips
Go short on USDJPY with 152.00 in view
08 October 2026 82
Go to forecasts