U.S. Markets closed
  • S&P Futures

    4,695.00
    +10.00 (+0.21%)
     
  • Dow Futures

    35,749.00
    +36.00 (+0.10%)
     
  • Nasdaq Futures

    16,369.50
    +51.50 (+0.32%)
     
  • Russell 2000 Futures

    2,258.80
    +4.90 (+0.22%)
     
  • Crude Oil

    71.64
    -0.41 (-0.57%)
     
  • Gold

    1,787.70
    +3.00 (+0.17%)
     
  • Silver

    22.50
    -0.02 (-0.08%)
     
  • EUR/USD

    1.1285
    +0.0013 (+0.1129%)
     
  • 10-Yr Bond

    1.4800
    +0.0320 (+2.21%)
     
  • Vix

    21.89
    -6.06 (-21.68%)
     
  • GBP/USD

    1.3251
    +0.0009 (+0.0689%)
     
  • USD/JPY

    113.4380
    -0.1020 (-0.0898%)
     
  • BTC-USD

    50,563.76
    -249.18 (-0.49%)
     
  • CMC Crypto 200

    1,306.94
    -134.82 (-9.35%)
     
  • FTSE 100

    7,339.90
    +210.69 (+2.96%)
     
  • Nikkei 225

    28,754.02
    +298.42 (+1.05%)
     

Intel CEO tries to calm investors spooked by aggressive spending plan to regain tech lead

·3 min read
Intel CEO tries to calm investors spooked by aggressive spending plan to regain tech lead
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Investors sent Intel stock further into the red as company executives outlined aggressive spending plans on a conference call with analysts. Intel stock (Nasdaq: INTC) was down at times more than 9% despite a mixed third quarter financial performance that saw the company beat expectations on earnings per share. The major sticking point appeared to be around a dip in gross margins that CEO Pat Gelsinger said would be down for two to three years while the company spends to get back to a leading edge product position.