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Dave zinsner, chief financial officer of Intel, said at the meeting: "I think there is some weakness in the macro field, which is very obvious. The macro trend will affect Intel, and it will also affect everyone, not only the semiconductor industry, but also global enterprises."
For the second half of the year, Intel executives refused to provide new data, which means that some analysts may be too optimistic.
At the close of trading on Wednesday local time, Intel shares fell 5.3%, a new low since october2017. At the same time, amd Fell 3.2%, NVIDIA fell 1.5%.
In April, Intel had predicted that the sales and profit data in the second quarter would not be very good, which indicated that semiconductor demand was shrinking. In the first quarter, PC chip revenue decreased, some customers cut orders, emptied inventory, and purchased fewer devices for educational purposes. Nevertheless, Intel thought that demand would improve in the second half of the year.
Dave zinsner said, "we can't give a definite figure until we get all the data of the second quarter. At this moment, I can only say that the noise is even louder than a month ago."