Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index (COMP) is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. Read More...
American City Business Journals
Intel slides on sales dive, forecasts further declines
Intel Corp. revenue fell by nearly a third year-over-year in the fourth quarter, delivering the chip giant a loss as it continued to suffer from dismal PC and data-center markets. Intel (Nasdaq: INTC) indicated the tough times are likely to continue, forecasting another big revenue decline in the current quarter along with deeper-than-expected losses. Intel shares fell on the news, reported after markets closed on Thursday, and were down more than 8% in the first hour of after-hours trading.
