Intel reported after market close. Datacenter down, GM down and ASP down. Bob Swan offered multiple excuses, on Intel’s 10 nm problems, said China had bought more Intel chips last year ahead of the tariffs war and now they are digesting the inventory etc. It will be interesting to see how Wall St. responds to all this BS. Of course Intel will not say AMD is taking their market share and that GM is down because Intel had to offer discount to compete.
It’s fun to go through this entire earnings call.
Intel is already down 7% after hours. Let’s see AMD’s Q1 on April 30!