Intel Q1 2023 financial results

Intel reports a significant drop in sales of both client and server processors but predicts a rebound for the end of the year. Based on smaller loss than predicted, Intel shares jumped 6.8% in early Friday trading to $31.85, a move that still left the stock down 15% for the year. Intel has reported its first-quarter 2023 earnings, which barely beat analysts’ projections on revenue and reported a slightly smaller loss than predicted. Still, overall revenue for the quarter was down a whopping 36% from the same quarter as last year—the largest quarterly loss Intel has ever had. It’s no