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MarketWatch First Take: Intel may have hit bottom, but Wall Street remains concerned about its margins

Intel CEO Pat Gelsinger says that even as the industry continues to navigate multiple global challenges and headwinds, the company was expecting "some modest recovery in the second half. " Read More...

After reporting its worst quarterly loss ever, Intel Corp. said there will be somewhat of a bounce-back in the second half, as the chip inventories at its customers get used up.

On Thursday, the chip giant reported a net loss of $2.76 billion, or 66 cents a share, versus net income of $8.11 billion, or $1.98 a share. Revenue fell 36.19% to $11.71 billion, with PC sales down 38% and the data-center group down 39%.


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