Intel shares fell about 17% after the chipmaker guided fourth-quarter revenue to $15 billion to $16 billion, well below the $17 billion the street expected. Third-quarter revenue was $16.51 billion, slightly below the $16.54 billion estimate, while adjusted EPS of 52 cents beat the 41-cent estimate. Data center and AI revenue reached $7.3 billion versus $6.7 billion expected, and foundry revenue was $6.7 billion against $6.1 billion estimated. However, the company sees fourth-quarter adjusted gross margin of only 38%, compared with the almost 43% the street was looking for.
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